"Car Dealerships Breathe Sigh of Relief as New-Vehicle Inventories Stabilize. After a slight dip in March, new-vehicle inventories in the United States have stabilized at 2.98 million units, a modest decrease from previous months. Meanwhile, a surge in sales has led to a significant drop in the days' supply, now standing at 62 days - a welcome relief for car dealerships struggling to clear their lots. As the industry continues to navigate supply chain disruptions and shifting consumer demand, this stabilization could be a sign of a more balanced market on the horizon."
New-vehicle inventories in the U.S. pulled back slightly in March to 2.98 million, while a stronger selling rate in the month resulted in a drop of days' supply to 62 days.
