S&P Global Mobility analysis of current retail advertised
inventory data for the United States finds that inventory is still
on the rise, with electric vehicle (EV) inventory growing faster
than the overall industry.
Here are three key takeaways from our team's latest
analysis.
1. Available retail advertised inventory at the end of April
rose to 2.77 million vehicles, up 1.3% compared to March and 57%
over last April.
This is the 11th consecutive month of increases (22 of the last
24 months have grown vs. the prior month), but the rate of increase
is the lowest since July 2023.
2. Electric vehicle inventory continues to grow faster than
that of the industry as a whole.
April finished at 167,000 vehicles, an increase of 5.7% against
March and 105% vs. last year. While Ford EV inventory levels have
been decreasing, other models have been growing. The Chevrolet
Blazer EV, Hyundai Ioniq 5, Cadillac Lyriq and BMW I4 have all
shown consistent inventory growth over the last months.
3. Model Year 2024 vehicle inventory continues to ramp up, with
a total available inventory now standing at 2.49m vehicles.
This is already well above the peak seen for the 2023 model
year, which only hit 1.60m vehicles. In comparison, 2022 model year
only reached a peak of 938K.
However, some 2023 model year vehicles still remain,
approximately 202k vehicles, representing 7.2% of all inventory. Of
note are the Dodge Charger and Dodge Challenger, which are the two
models with the most remaining 2023 model year inventory, although
levels have decreased by around 20% compared to the end of
March.
Dealers are listing these vehicles on average at around $7,000
below MSRP, with the best offers appearing in Florida ($8,900) and
Nevada ($10,000). There are opportunities for consumer deals with
the remaining 2023 model year inventory as well as with the higher
absolute levels now appearing of 2024 model year.
Commercials Cooperation Advertisements:
(1) IT Teacher IT Freelance
立刻註冊及報名電腦補習課程吧!
电子计算机 -教育 -IT 電腦班” ( IT電腦補習 ) 提供一個方便的电子计算机 教育平台, 為大家配對信息技术, 電腦 老師, IT freelance 和 programming expert. 讓大家方便地就能找到合適的電腦補習, 電腦班, 家教, 私人老師.
We are a education and information platform which you can find a IT private tutorial teacher or freelance.
Also we provide different information about information technology, Computer, programming, mobile, Android, apple, game, movie, anime, animation…
(2) ITSec
www.ITSeceu.uk
Secure Your Computers from Cyber Threats and mitigate risks with professional services to defend Hackers.
ITSec provide IT Security and Compliance Services, including IT Compliance Services, Risk Assessment, IT Audit, Security Assessment and Audit, ISO 27001 Consulting and Certification, GDPR Compliance Services, Privacy Impact Assessment (PIA), Penetration test, Ethical Hacking, Vulnerabilities scan, IT Consulting, Data Privacy Consulting, Data Protection Services, Information Security Consulting, Cyber Security Consulting, Network Security Audit, Security Awareness Training.
Contact us right away.
Email (Prefer using email to contact us):
SalesExecutive@ITSec.vip