US Auto Inventory: Historical Releases
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Developments
March 2024
Used
New
Currently 940,000 more units than last year, days of supply at 73 days, +30% year over year
December 2023
Used
Total supply up 2% or 37K from last year; Days’ supply at 56, down 3% from the end of 2022
New
Currently over 900K more units than last year, days of supply at 71 – up 20%
September 2023
Used
Total supply at 2021 levels, down 10% from last year; Days’ supply at 44.4, lowest since early Spring
New
Currently 813K more units than last year, Days of Supply at 57 – up 33%
June 2023
Used
- The total supply of unsold used vehicles on dealer lots across the U.S. stood at 2.22 million units at the close of June. That was up from a revised 2.12 million at the end of May but down 10%, or 241,000 units, from the same time a year ago.
- Total days’ supply at the end of June stood at 47, compared with 46 at the start of the month. The days’ supply was down 11% from year-ago levels. Days’ supply has been holding at this level since spring.[1]
New
March 2023
Used
- The total supply of unsold used vehicles on dealer lots stood at 2.05 million units at the close of March. That was down from a revised 2.09 million at the end of February and down 10% from 2.3 million in March 2021.
- The supply of used vehicles at dealerships is at its lowest point in our data, which goes back to 2019.
- Days’ supply at the end of March stood at 40, down from the revised 44 days’ supply at the end of February. Days’ supply was 15% below the year-ago levels.[2]
New
- The total U.S. supply of available unsold new vehicles on dealer lots and some in transit stood at 1.89 million units at the end of March, up from a revised 1.80 million at the end of February.
- The end of March marked the highest level of supply since April 2021. Supply was up 70% from a year ago, or 780,000 units higher.
- Days’ supply was 56, down only a day from the end of February but up 58% from the same time a year ago. Historically, a 60 days’ supply across the industry was considered normal and ideal.[3]
- The industry had non-luxury vehicle inventory totaling 1.60 million vehicles, up from 1.53 million at the end of February, for a 55 days’ supply.
- The inventory of luxury vehicles (excluding uber luxury ones) stood at 290,852 units, up from 271,591 at the end of February, for a 60 days’ supply.[3]