"New Vehicle Inventory Hits 2.95 Million, But Gas-Powered Cars Remain Dominant. Despite a slight increase in new-vehicle inventory levels to begin July, the market still reflects a strong preference for gas-powered vehicles, accounting for over 70 percent of available stocks. According to data firm Catalyst IQ, the current inventory levels suggest a continued reliance on traditional fuel sources, even as the automotive industry pushes towards more eco-friendly options. As the industry continues to navigate the transition towards electric and hybrid vehicles, the current dominance of gas-powered cars raises questions about the pace of this shift and its implications for consumers and manufacturers alike."
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.
