9/12/2023 0 Comments Honda inventory shortage![]() ![]() Last month, buyers on average paid about $348 above sticker price, according to Edmunds. However, there’s a few potential causes here. “At least, once prices kind of increase, they generally don’t go back on a large scale.” The first and most obvious candidate is yes, the supply shortage. Yea when I bought my CRF250L in Jan the dealer was telling me they don’t have anywhere near the stock they used to. “I think consumers should get used to higher price points,” Caldwell said. Detroit just doesn’t do small, as those cars aren’t the moneymakers.Įventually, more supply and cooling demand may mean that prices tip down, said Jessica Caldwell at the car site Edmunds. It’s bad news for drivers who prefer a sedan to a pickup truck. That’s because some automakers are running into new supply chain woes tied to China and Southeast Asia, according to Krebs. “If you are in the market for a Jeep or a Ram pickup truck or an SUV or truck from one of the domestic automakers, you’re going to see more inventory than you’ve seen in a while,” said Michelle Krebs with Cox Automotive.Īmerican carmakers like GM have, for the most part, figured out the semiconductor shortage that screwed up their supply chains, Krebs added.Īs for foreign cars, “if you’re shopping for a Honda and even a Kia or a Toyota or Subaru, you’re going to see very skimpy inventory,” she said. That’s still well below the 100-day supply he had before the pandemic, but it’s trending in the right direction. Where we were negative-days supply before, just taking orders on vehicles, we’re about a 25-days supply at this point,” Eling said. He can swap out the used cars at the front of the lot with new models. “There was a point last year where we had zero inventory on the ground,” said general sales manager Steve Eling. Actually, if you were looking for any new car on the lot, you would have been disappointed. Last year, if you wanted to test drive a new GMC Sierra pickup truck in Colorado Springs, Colorado, you might have thought the Alpine Buick GMC South dealership would be a logical place to look. For the first time since the pandemic hit, many car dealerships actually have new vehicles on the lot they can sell you. New vehicle inventory is up 62% from last year, according to Cox Automotive. Key to that profit? The maker of Cadillac and Chevy said cleaned-up supply chains allowed it to deliver more cars to dealerships. ![]() General Motors told Wall Street on Tuesday that it made $3.3 billion in profit this past quarter - despite rising interest rates on auto loans and the generally grumpy mood of the American consumer. ![]()
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