This Week in Car Buying: Inventories climb; Rebates rise; Ford offers $10G on ... - Kelley Blue Book
Even though car sales grew in June, the number of cars on dealership lots went up faster, causing the industry's supply to grow to 61 days, up 5 days from the end of May. While 60 days' supply, the time it would take to sell every car in inventory, is considered ideal, the increase reflects some disparity in the market, where certain models, like sedans , are selling at slower rates than other, specifically more... In the overall picture, not much has changed, according to Automotive News, which reports that Subaru has the industry's leanest inventory at 22 days' supply, while Fiat has the largest with 150 days' worth of vehicles on hand. Sales figures show that mid-size cars are down 3. 4 percent while mid-size crossovers are up 3. 6 percent. Chrysler chief Al Gardner tells Automotive News that an incentive war could break out in this class of vehicles, even though Chrysler 200 sales have doubled over last year. The trade journal reported that last week a base 2015 Hyundai Sonata priced at $21,975 was being offered with $1,750 cash back, while a $22,990 Chrysler 200 had a rebate of up to $2,500. Look for similar deals to increase as manufacturers seek to... Source: www.kbb.com
