(Bobit) — The days’ supply of unsold cars and light trucks on U.S. dealer lots was 4,127,100 at the beginning of March, good for a 78-day supply, according to data compiled by Automotive News. That’s the highest level for the month since the 101-day supply reached in March 2009.
Analysts noted total volumes were only 2,900,600 vehicles 10 years ago, in the midst of the Great Recession, when demand was low. This month’s unsold volume is the highest since July 2017 (4,196,800) and growing: Dealers entered March with 93,000 more vehicles than they did a year ago and 111,600 more than a month ago.
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Originally posted on Auto Dealer Today