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Washington DC May 23, 2023; The AIADA Online newsletter reported that the availability of new cars and trucks on dealership lots is bouncing back, and for some brands is stronger than expected.
Buyers are finding a bigger selection of models to choose from this spring selling season, in large part because of easing supply-chain woes and more stable factory output.
The replenished inventory also is shaping up to be an important test for car companies, many of which have said in recent years they would keep availability permanently constrained, reports The Wall Street Journal. Some brands, such as Jeep and Buick, are already getting heavy on stock, according to industry data.
If supplies get bloated, it could put an end to the lofty prices and big profits the industry has enjoyed since the pandemic’s early days, analysts say.
We had times where you could have a helicopter land on my lot,” said David Kelleher, president of a dealership group based in Glen Mills, Pa., that sells the Chrysler, Ram, Jeep, and Dodge brands. Now, he is seeing stock levels swell, including on some specific models, he said.