New Vehicle Inventory Swells With Stellantis Drowning In Unsold Cars

Jeep and Ram had at least twice the industry average of inventory at the start of May. Toyota has the lowest inventory of any automaker with 30 days' worth of supply. Inventories of companies including Mitsubishi and Mini increased last month. New vehicle inventory in the U.S. has swelled in April and four Stellantis-owned brands are partly responsible: Jeep, Ram, Dodge, and Chrysler.

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. Numerous other car manufacturers have more inventory than the industry average. For example, Infiniti has 127 days, Volvo has 121 days, Mitsubishi has joined the 100+ club with 115 days, and Mini’s new-vehicle inventory soared by 56% month over month to 108 days.

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Strong new-vehicle inventory brings better incentives and more sales, says J.D. PowerJ.D. Power's recent research showed that dealers have more cars to sell and automakers are more willing to throw incentives at buyers, driving an increase in overall sales numbers.
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