{"id":12523,"date":"2023-07-25T07:14:39","date_gmt":"2023-07-25T06:14:39","guid":{"rendered":"http:\/\/www.spglobal.com\/mobility\/en\/research-analysis\/july-us-auto-inventory-trends-you-should-know.html"},"modified":"2023-07-25T07:14:39","modified_gmt":"2023-07-25T06:14:39","slug":"july-us-auto-inventory-trends-you-should-know","status":"publish","type":"post","link":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/2023\/07\/25\/july-us-auto-inventory-trends-you-should-know\/","title":{"rendered":"July US auto inventory trends you should know"},"content":{"rendered":"<h4 ><strong>The impact of the July 4 weekend sales events, Ford<br \/>\nMach-E inventory numbers climbing past ICE SUVs, and the looming<br \/>\nCompact SUV dogfight in the US market.<\/strong><\/h4>\n<p >Dealer advertised inventories in the US took an expected dip<br \/>\nfollowing the July 4 weekend, but have quickly recovered, according<br \/>\nto new analysis from S&amp;amp;P Global Mobility.<\/p>\n<p >And while July 4 sales events received their typical promotions,<br \/>\nthe pattern for the long weekend was consistent to recent<br \/>\nmonths-end in terms of sold inventory. The July 4 weekend also<br \/>\nrepresented a trifecta of the end of the month, end of the quarter,<br \/>\nand a holiday.<\/p>\n<p >But while the long weekend took a chunk out of available<br \/>\nadvertised inventories &#8211; from 1.843 million in mid-June to 1.761<br \/>\nmillion on July 3, <a id=\"_Int_k2Ab9P8s\" name=\"_Int_k2Ab9P8s\" style=\"position:absolute;visibility:hidden;\">&amp;lt;span\/&amp;gt;<\/a>perhaps more notable is that available<br \/>\ninventories almost immediately leaped ahead to 1.867 million by<br \/>\nmid-July, surpassing the year-to-date highs seen in mid-June.<\/p>\n<h4 >\nTotal Industry Advertised Inventories<\/h4>\n<p ><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.ihsmarkit.com\/www\/images\/0723\/inventories-july-23-blog-img1.png\" alt=\"\" width=\"600\" height=\"343\" \/><\/p>\n<p ><em>As of 16 July 2023<br \/>\nSource: S&amp;amp;P Global Mobility<br \/>\n&#169; S&amp;amp;P Global Mobility<\/em><\/p>\n<h4 ><strong>Ford Mach-E inventories climbing past ICE<br \/>\nSUVs<\/strong><\/h4>\n<p >You can tell an automaker is serious about electric vehicles<br \/>\nwhen advertised inventories climb to the equivalent level of its<br \/>\nbetter-selling internal-combustion vehicles.<\/p>\n<p >That is now happening with Ford SUVs, as inventories grow for<br \/>\nthe Ford Mustang Mach-E. In December, the Mach-E had the lowest<br \/>\nadvertised inventory count of any Ford SUV. As of early July,<br \/>\nhowever, Ford dealers are now advertising more available Mach-E<br \/>\nvolume (14,363 units) than those of EcoSport, Bronco, Edge, and<br \/>\nnow, even Escape. Only the Explorer and Bronco Sport have more<br \/>\nadvertised units available.<\/p>\n<p >Whether production is ramping up to meet anticipated demand, or<br \/>\nwhether there is sufficient demand to reduce inventories, remains<br \/>\nto be seen. Year-to-date through June, Ford sold 14,040 units of<br \/>\nthe Mach-E, according to company reports, although inventories were<br \/>\nconstrained through the first quarter, and the sales pace has<br \/>\nrecently accelerated. By contrast, Ford has sold 64,839 Escapes<br \/>\nover that period.<\/p>\n<h4 >\nFord SUV Advertised Inventories<\/h4>\n<p ><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.ihsmarkit.com\/www\/images\/0723\/inventories-july-23-blog-img2.png\" alt=\"\" width=\"700\" height=\"310\" \/><\/p>\n<p ><em>As of 16 July 2023<\/em><br \/><em>Source: S&amp;amp;P Global Mobility<\/em><br \/><em>&#169; S&amp;amp;P Global Mobility<\/em><\/p>\n<h4 ><strong>Non-Tesla EV inventories plateauing?<\/strong><\/h4>\n<p >While Mach-E inventories are surging, most other EVs appear to<br \/>\nbe growing as well, but not at the same rate. Total advertised EV<br \/>\ninventories reached 108,000 units in early July, up about 10,000<br \/>\nunits from early June.<\/p>\n<p >The other mainstream EV chasing volume is the Volkswagen ID.4;<br \/>\nwith about 12,000 units of advertised inventory (VW sold 6,690<br \/>\nunits in 2Q 2023, but, again, with constrained inventories). The<br \/>\nthird-most advertised inventory is from the Hyundai Ioniq 5,<br \/>\nalthough after an early-year surge of inventory through April,<br \/>\nadvertised stock appears to have flattened into a predictable<br \/>\nwavelet pattern. The Kia EV6 shows a similar trend to the Hyundai &#8211;<br \/>\nalbeit at much lower volumes. The only EV showing a significant<br \/>\ntapering of inventories is the Volvo C40.<\/p>\n<p >Geographically, most of the industry EV inventory resides in the<br \/>\nfollowing DMAs: Los Angeles, San Francisco, New York City, Seattle,<br \/>\nand Washington DC.<\/p>\n<h4 >\nEV Inventories by Nameplate<\/h4>\n<p ><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.ihsmarkit.com\/www\/images\/0723\/inventories-july-23-blog-img3.png\" alt=\"\" width=\"700\" height=\"423\" \/><\/p>\n<p ><em>As of 16 July 2023<\/em><br \/><em>Source: S&amp;amp;P Global Mobility<\/em><br \/><em>&#169; S&amp;amp;P Global Mobility<\/em><\/p>\n<h4 ><strong>EV inventories passing Hybrids?<\/strong><\/h4>\n<p >A true measure of EV penetration is comparing advertised<br \/>\ninventory volumes against Hybrid Gas-Electric vehicles.<\/p>\n<p >Nationally, even as inventories of all vehicles have grown,<br \/>\nthere has been a consistent gap of about 35,000 to 40,000 units of<br \/>\nHybrids compared to EVs &#8211; as of inventory levels on July 10 there<br \/>\nwere 148,761 Hybrids to 107,514 EVs. However, California saw a<br \/>\nlandmark event in May, as EV advertised inventories passed Hybrids,<br \/>\nand have held steady: 30,914 EVs compared to 27,316 Hybrids as of<br \/>\nJuly 10.<\/p>\n<p >Early-July numbers show a sharp spike in growth of Hybrid<br \/>\ninventories both nationally and in California &#8211; although whether<br \/>\nthat is a result of consumers choosing EVs over Hybrids, or an<br \/>\nuptick in new Hybrid production to meet anticipated demand, has yet<br \/>\nto be determined.<\/p>\n<h4 >\nHybrid Gas-Electric vs EV Advertised Inventories, National<\/h4>\n<p ><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.ihsmarkit.com\/www\/images\/0723\/inventories-july-23-blog-img4.png\" alt=\"\" width=\"700\" height=\"340\" \/><\/p>\n<p ><em>As of 16 July 2023<\/em><br \/><em>Source: S&amp;amp;P Global Mobility<\/em><br \/><em>&#169; S&amp;amp;P Global Mobility<\/em><\/p>\n<h4 >\nHybrid Gas-Electric vs EV Inventories, California<\/h4>\n<p ><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.ihsmarkit.com\/www\/images\/0723\/inventories-july-23-blog-img5.png\" alt=\"\" width=\"700\" height=\"366\" \/><\/p>\n<p ><em>As of 16 July 2023<\/em><br \/><em>Source: S&amp;amp;P Global Mobility<\/em><br \/><em>&#169; S&amp;amp;P Global Mobility<\/em><\/p>\n<h4 ><strong>Toyota rejoins the Compact SUV fight<\/strong><\/h4>\n<p >The most competitive segment in the industry involves mainstream<br \/>\nCompact SUVs, and a dogfight looks to be emerging through the<br \/>\nsummer months as the traditional sales leader appears to have<br \/>\nregained <a id=\"_Int_mZfAbhd9\" name=\"_Int_mZfAbhd9\" style=\"position:absolute;visibility:hidden;\">&amp;lt;span\/&amp;gt;<\/a>its<br \/>\ninventory footing.<\/p>\n<p >The Toyota RAV4 has been the best-selling passenger vehicle in<br \/>\nthe US since 2017. But pandemic-related supplier shortages crunched<br \/>\nToyota inventories, resulting in a 6.9% year-over-year sales<br \/>\ndecline for RAV4 through June.<\/p>\n<p >As recently as April, Toyota had fewer RAV4s on the ground<br \/>\ncompared to Jeep Wrangler, Nissan Rogue, and Mazda CX-5. That tide<br \/>\nis now turning, as RAV4 inventories have soared in late June and<br \/>\nearly July &#8211; just in time for the summer selling season &#8211; now<br \/>\nreaching <a id=\"_Int_IxvEHRRo\" name=\"_Int_IxvEHRRo\" style=\"position:absolute;visibility:hidden;\">&amp;lt;span\/&amp;gt;<\/a>nearly<br \/>\n40,000 advertised units. Meanwhile, the RAV4&#39;s closest rival, the<br \/>\nHonda CR-V, saw inventories dip sharply below 15,000 units in late<br \/>\nJune before seeing a slight jump in early July.<\/p>\n<h4 >\nCompact SUV Inventories<\/h4>\n<p ><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.ihsmarkit.com\/www\/images\/0723\/inventories-july-23-blog-img6.png\" alt=\"\" width=\"700\" height=\"398\" \/><\/p>\n<p ><em>As of 16 July 2023<\/em><br \/><em>Source: S&amp;amp;P Global Mobility<\/em><br \/><em>&#169; S&amp;amp;P Global Mobility<\/em><\/p>\n<p >\nNOTE: S&amp;amp;P Global Mobility calculates advertised inventories<br \/>\nboth by total inventories &#8211; which includes some vehicles that have<br \/>\nalready been sold but are still advertised by dealers &#8211; as well as<br \/>\nby available inventories that have not had their registrations<br \/>\npunched, which is a slightly lower number.<\/p>\n<p ><a class=\"primary-button\" href=\"https:\/\/www.spglobal.com\/mobility\/en\/research-analysis\/us-auto-sales-progress-again-in-july.html\"><br \/>\nJULY US SALES PREVIEW<\/a><\/p>\n<p ><a class=\"primary-button\" href=\"https:\/\/www.spglobal.com\/mobility\/en\/research-analysis\/us-automotive-market-share-wars-will-resume-in-2023.html\"><br \/>\nTHE AUTO INDUSTRY SHARE WARS WILL RESUME IN &#39;23<\/a><\/p>\n<p ><a class=\"primary-button\" href=\"https:\/\/www.spglobal.com\/mobility\/en\/research-analysis\/average-age-of-light-vehicles-in-the-us-hits-record-high.html\"><br \/>\nAVERAGE VEHICLE AGE REACHES RECORD 12.5 YEARS<\/a><\/p>\n<p ><a class=\"primary-button\" href=\"https:\/\/www.spglobal.com\/mobility\/en\/research-analysis\/lowercredit-buyers-pushed-out-of-new-vehicles-bad-news-for-you.html\"><br \/>\nLOWER-CREDIT BUYERS PUSHED OUT OF NEW VEHICLES<\/a><\/p>\n<p ><a class=\"primary-button\" href=\"https:\/\/www.spglobal.com\/mobility\/en\/Info\/0722\/top-10-industry-trends-report.html\"><br \/>\nSUBSCRIBE 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past ICE SUVs, and the looming<br \/>\nCompact SUV dogfight in the US market.Dealer advertised inventories in the US took an expected dip<br \/>\nfollowing the July 4 weekend, but ha&#8230;<\/p>\n","protected":false},"author":480,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-container-style":"default","site-container-layout":"default","site-sidebar-layout":"default","disable-article-header":"default","disable-site-header":"default","disable-site-footer":"default","disable-content-area-spacing":"default","footnotes":""},"categories":[3267],"tags":[61,122,127,129,124,128,125,132,131,133,126,130,123,66,94,88,97,56,64,65,60,3344,3351,3357,3360,3335,3340,3362,112,3353,40,75,95,3350,3352,3356,3343,3359,3339,3345,3334,3341,104,3354,33,120,3358,3349,3337,3348,105,101,98,115,30,29,41,86,3342,3361,70,69,68,72,71,26,118,108,87,3355,46,55,48,52,54,51,50,83,3338,62,58,57,3336,109,35,3346,59,63,85,79,82,96,80,27,81,114,44,42,43,45,38,39,110,117,100,111,116,3300,73,89,90,92,91,93,84,78,37,102,34,36,77,67,74,99,113,3347,119,28,121,32,47,49,53,103,31,76],"class_list":["post-12523","post","type-post","status-publish","format-standard","hentry","category-car-or-automobile","tag-airpods","tag-anime","tag-anime-characters","tag-anime-cosplay","tag-anime-edits","tag-anime-merchandise","tag-anime-movies","tag-anime-news","tag-anime-recommendations","tag-anime-reviews","tag-anime-series","tag-anime-streaming","tag-animes","tag-app-store","tag-app-store-samsung","tag-appgallery","tag-appgallery-oneplus","tag-apple","tag-apple-music","tag-apple-tv","tag-apple-watch","tag-auto-financing-guide","tag-automobile-industry-news","tag-automobile-laws-and-regulations","tag-automobile-shows-and-expos","tag-automobile-specifications","tag-automobile-technology","tag-autonomous-vehicles","tag-bbc-sport","tag-best-cars-for-long-drives","tag-best-mobile-games","tag-bixby","tag-bixby-xiaomi","tag-car-accessories","tag-car-comparison","tag-car-customization-ideas","tag-car-insurance-advice","tag-car-interior-design-ideas","tag-car-maintenance-tips","tag-car-resale-value","tag-car-reviews","tag-car-safety-features","tag-champions-league","tag-city-cars","tag-cyberpunk","tag-cyberpunk-2077","tag-driving-tips-and-tricks","tag-eco-friendly-cars","tag-electric-vehicles","tag-family-cars","tag-fantasy-football","tag-fifa","tag-football","tag-formula-1","tag-fortnite","tag-free-fire","tag-free-mobile-games","tag-freebuds-pro","tag-fuel-efficiency-tips","tag-future-of-automobiles","tag-galaxy-a52","tag-galaxy-note-20","tag-galaxy-s21","tag-galaxy-watch-4","tag-galaxy-z-fold-3","tag-game","tag-games","tag-golf","tag-harmonyos","tag-highway-cars","tag-how-to-backup-iphone","tag-how-to-factory-reset-iphone","tag-how-to-reset-iphone","tag-how-to-restore-iphone","tag-how-to-unlock-iphone","tag-how-to-unlock-iphone-5","tag-how-to-unlock-iphone-6","tag-huawei","tag-hybrid-cars","tag-ios","tag-ipad","tag-iphone","tag-latest-car-models","tag-live-soccer","tag-lol","tag-luxury-cars","tag-macbook","tag-macos","tag-mate-40-pro","tag-mi-11-lite","tag-mi-home-security-camera-basic-1080p","tag-mi-home-security-camera-basic-1080p-huawei","tag-mi-smart-band-6","tag-minecraft","tag-miui","tag-mlb-scores","tag-mobile-game-design","tag-mobile-game-development","tag-mobile-game-marketing","tag-mobile-game-monetization","tag-mobile-games","tag-mobile-gaming","tag-nba-scores","tag-nba-standings","tag-nfl","tag-nfl-scores","tag-nhl-scores","tag-off-road-vehicles","tag-one-ui","tag-oneplus","tag-oneplus-9-pro","tag-oneplus-buds-pro","tag-oneplus-nord-ce-5g","tag-oxygenos","tag-p40-pro-plus","tag-poco-x3-pro","tag-pokemon","tag-premier-league","tag-pubg","tag-pubg-mobile","tag-redmi-note-10-pro","tag-samsung","tag-samsung-pay","tag-soccer","tag-sports","tag-sports-cars","tag-steam","tag-steeam","tag-top-10-anime","tag-valorant","tag-when-do-the-iphone-7-come-out","tag-when-does-the-iphone-7-come-out","tag-when-is-the-iphone-7-coming-out","tag-world-cup","tag-xbox-series-x","tag-xiaomi"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/12523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/users\/480"}],"replies":[{"embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/comments?post=12523"}],"version-history":[{"count":1,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/12523\/revisions"}],"predecessor-version":[{"id":12524,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/12523\/revisions\/12524"}],"wp:attachment":[{"href":"http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