As December starts, America’s car dealers have more new cars in stock than at any point since the spring of 2021.
Car dealers measure their supply of cars in a metric they call “days of inventory.” It measures how long it would take to sell out of new cars at today’s sales rate if they couldn’t acquire more.
An old industry guideline tells dealers to aim for 60 days’ worth on the lot. That, the logic says, is the level that means they probably have the…
Comments are closed