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Dealer Inventory

Automaker Production Schedules Continue Freefall Due to Chip Shortage

The number of vehicles canceled from automaker production schedules worldwide due to the shortage now exceeds 2 million, according to AutoForecast Solutions.

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High Vehicle Prices Expected to Hold Their Grip on Auto Industry

Consumers seeking lower prices on dealership lots must wait until 2023, reported auto-industry leaders at the New York International Auto Show.

Shortage of Inventory, Not Buyers Challenges U.S. Auto Industry

The U.S. auto industry has no shortage of buyers currently, but it lacks the inventory to satisfy them.

Hyundai Freezes Fleet Sales to Push More Vehicles to Dealers

By sharply reducing fleet sales, Hyundai can deliver more inventory to dealers.

Vehicle Sales Continue to Drop

Combined sales at the seven major automakers that release monthly results dropped 17% in October. Automakers cite the semiconductor chip shortage and supply chain bottlenecks as the reason.

Cox and LMC put Days' Supply of Inventory Below 1 Million Vehicles

Cox Automotive and LMC report new-vehicle inventories shrank to just over 915,000 in September and predict further shrinkage as production issues and supply shortages linger.

Manufacturers Hopeful That Chip Supply Will Improve in Q4

Though forecasts predict the global semiconductor shortage may not right itself until 2023, vehicle manufacturers express hope for improvement in Quarter 4.

Lithia Motors Predicts End to New-Vehicle Shortage

“We expect inventories to continue to normalize throughout the back half of 2021 and in the first part of 2022,” said Chris Holzshu, Lithia chief operating officer, in an earnings conference call.

Auto Inventories Continue to Plummet

vAuto reports vehicle inventories dropped to 2.24 million vehicles in April, representing a 44-day supply.

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