America’s car dealers started the month of October with about 2.26 million unsold cars on lots — 8% fewer than a year ago.
At current sales rates, 2.26 million is about a 47-day supply of used cars. That’s well below the 60-day supply car dealers traditionally aim to keep in stock.
Nationwide inventory stuck at low level
“The number of used vehicles available for purchase has remained higher than the low point seen in early April,”…
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