"Vehicle Inventory Levels Bounce Back Slightly in July, but Gas-Powered Cars Still Dominate Dealership Lots. A new report from data firm Catalyst IQ reveals that new-vehicle inventory levels have risen to 2.95 million units to start the month of July, marking a welcome uptick after a recent decline. However, the data also highlights a concerning trend: over 70 percent of these vehicles are gas-powered, a stark contrast to the growing demand for electric and hybrid vehicles. As the automotive industry continues to grapple with the transition to more sustainable options, the persistently high levels of gas-powered vehicles on dealership lots raise questions about the industry's progress in meeting environmental goals."
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.
