Per my article of a couple week back about the glut – the stacking up inventory of unsold new cars – it looks as though it’s getting worse.
But they’re not being idled – which would be smart policy but very bad politically – so inventory will continue to stack up.
There haven’t been this many new cars not being sold since back in the spring of 2009 when there was an 85 day supply.
Just over half of the total unsold cars and light trucks in the U.S. at the beginning of May were either General Motors, Ford or FCA products, while another third were from Japanese brands.
The remainder was split between European and Korean automakers.
Got a question about cars – or anything else? Click on the “ask Eric” link and send ’em in!
If you like what you’ve found here please consider supporting EPautos.
PS: Get an EPautos magnet (pictured below) in return for a $20 or more one-time donation or a $10 or more monthly recurring donation. (Please be sure to tell us you want a sticker – and also, provide an address, so we know where to mail the thing!)
My latest eBook is also available for your favorite price – free! Click here.