Historic inventory lows may be just that- history!
🗓️📈 Cox Automotive data show new inventory has increased by another 150K vehicles.
🤯☀️ A stream of increases from June to now has 2022 sitting 78% higher than 2021 at the same point.
📉🤷♀️ Of course, inventory is still significantly below that of 2019/2020.
🤓👍 November ended with 1.61M vehicles in dealer inventory, with some variation between brands based on days supply strategies.