New vehicle inventory in the U.S. jumped to 76 days’ worth at the start of May
New vehicle inventory in the U.S. has swelled in April and four Stellantis-owned brands are partly responsible: Jeep, Ram, Dodge, and Chrysler. So, what’s going on here?
An analysis from Cox Automotive reveals that the average days’ supply of new vehicles in the U.S. increased from 74 days to 76 days at the start of May. This means there’s roughly 2.84 million vehicles in inventory across the country, an increase from the 2.74 million available at the start of March and the 2.77 million available at the start of April. This is also 961,000 units higher than a year ago.
Both Jeep and Ram had at least twice the industry average of supplies. Jeep’s inventory has swelled 21% from the start of April while Ram’s inventory has increased by 14%. Dodge also had 151 days’ worth of supply followed by Lincoln with 144 days and Chrysler with 143 days.
They won’t lower those prices though., So, let ’em keep ’em!
40 to 60 thousand for a new jeep, c’mon man, anyone with a brain and common sense won’t pay that. However I do see lots of them on the road. What does that tell you?
Just look at their prices. I did.. Bye Mr. Dealer.