"Automakers See Slight Uptick in New-Vehicle Inventory as July Begins. In a welcome relief for car buyers, new-vehicle inventory levels have started the month of July with a modest increase, reaching 2.95 million units. According to data firm Catalyst IQ, this represents a slight improvement from previous months, although it still lags behind pre-pandemic levels. Notably, gas-powered vehicles continue to dominate the market, making up over 70 percent of available inventory, as consumers remain cautious about the transition to electric vehicles."
New-vehicle inventory levels moved up slightlyto begin July at 2.95 million, over 70 percent of which are gas-powered vehicles, data firm Catalyst IQ said.
