U.S. car stock caught at 1.1 million autos, says Cox Automotive

Stock stagnated for a sixth consecutive month in June at 1.1 million autos, as automakers have been unable to spice up manufacturing regardless of a slower gross sales fee, in line with estimates by Cox Automotive and the Automotive Information Analysis & Knowledge Heart.

Cox mentioned the 1.1 million autos represented a 37-day provide below its observe of utilizing the promoting fee from the latest 30-day interval, which the corporate famous was off 35 % from a yr earlier.

It mentioned stock was about 160,000 autos fewer than the identical interval in 2021 and 1.5 million autos under the place the trade stood in June 2020.

Stock crossed again above 1 million autos in January, nevertheless it has fluctuated between there and 1.13 million for the final six months.

https://www.autonews.com/manufacturing/us-vehicle-inventory-stuck-11-million-vehicles-says-cox-automotive

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