New-vehicle inventories hit a three-decade high in October, with full-size pickups and luxury SUVs experiencing the steepest surge in days' supply compared to smaller, more fuel-efficient models. The shift reflects growing consumer demand for larger vehicles amid rising diesel costs and broader economic slowdowns. Analysts suggest the trend may signal lasting changes in buyer preferences, particularly as fuel prices remain volatile. Industry observers warn the imbalance could pressure automakers to adjust production strategies.
New-vehicle inventories reached 3 million in October as full-size pickups and luxury SUVs saw days' supply climb faster than smaller, more fuel-efficient vehicles. Rising diesel costs and slowing ...
