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New Vehicle Tangle: Supply, Prices, Payments All Up as Affordability Dips
['About The Author']
Auto Rental News
At the end of November 2020, supply stood at 2.77 million vehicles, or 70 days’ supply.
For pre-pandemic November 2019, supply hit 3.55 million vehicles, or 86 days’ supply.
Closing November, the industry had non-luxury vehicle inventory totaling nearly 1.40 million vehicles for a 53 days’ supply.
Toyota and Kia had 26 days’ supply, which is an improvement from earlier in the year, when days’ supply dropped to 20 and lower.
Lexus has been the lowest for months, but even its supply has edged higher recently to 26 days’ supply.
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