{"id":75602,"date":"2024-01-12T10:42:10","date_gmt":"2024-01-12T10:42:10","guid":{"rendered":"http:\/\/www.spglobal.com\/mobility\/en\/research-analysis\/january-inventory-trends-advertised-prices-dropping.html"},"modified":"2024-01-12T10:42:10","modified_gmt":"2024-01-12T10:42:10","slug":"january-inventory-trends-advertised-prices-dropping-a-full-size-pickup-glut-and-evs-flattening-out","status":"publish","type":"post","link":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/2024\/01\/12\/january-inventory-trends-advertised-prices-dropping-a-full-size-pickup-glut-and-evs-flattening-out\/","title":{"rendered":"January inventory trends: Advertised prices dropping, a full-size pickup glut, and EVs flattening out"},"content":{"rendered":"<h3 >Retail advertised inventory data for January 2024: S&amp;amp;P<br \/>\nGlobal Mobility delivers the following US new vehicle market<br \/>\ninsights:<\/h3>\n<h4 >Overall industry inventories<\/h4>\n<p >Available new vehicle dealer inventory listings for the US<br \/>\nmarket continued to surge as of the end of December. A steady<br \/>\nupward increase in advertised inventories has continued since<br \/>\nAugust, and now stands at 2.45 million vehicles.<\/p>\n<p >Of course, sales are also on the rise. But plotting<br \/>\nyear-over-year inventory growth, versus year-over-year sales<br \/>\ngrowth, shows that relative to volume, inventories are up 30%.<\/p>\n<p >As inventories grow, listed prices and average MSRPs are<br \/>\ndropping &#8211; signaling automakers are building lower-trim models. But<br \/>\nalso the number of vehicles with advertised prices listed below<br \/>\nMSRP are growing steadily. At the end of November, the average<br \/>\nadvertised discount was $2,742; at the end of December, it had<br \/>\ngrown to $3,030 (double the level of December 2022). And that is<br \/>\nthe advertised price before negotiations or hidden<br \/>\nfactory-to-dealer incentives &#8211; such as stair-step volume bonuses &#8211;<br \/>\nare factored in.<\/p>\n<h4 >\nAverage discount from MSRP<\/h4>\n<p ><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.ihsmarkit.com\/www\/images\/0124\/inventories-jan-blog-img1.png\" alt=\"\" width=\"1000\" height=\"331\" \/><\/p>\n<h4 >\nWhich vehicle segments are hot, and are not?<\/h4>\n<p >Perhaps the most flooded major segment, relative to sales, is<br \/>\nthat of full-size pickups (more on that below). Meanwhile, the<br \/>\ncompact SUV segment has the most inventory &#8211; but it&#39;s in line with<br \/>\noverall industry growth &#8211; and with registrations humming along at<br \/>\nabout 200,000 per month, the C-SUV segment matches the ideal ratio<br \/>\nof two months&#39; supply.<\/p>\n<p >As far as segments where one could argue there isn&#39;t enough<br \/>\ninventory, the compact car, compact pickup, compact luxury SUV, and<br \/>\nfull-size SUV segments are tight on units advertised in dealer<br \/>\ninventories.<\/p>\n<h4 >\nToo many full-size pickups?<\/h4>\n<p >The full-size truck is a key profit generator for the Detroit 3.<br \/>\nBut when too many are on showroom floors, deep discounting happens<br \/>\nin a rush. At the end of December, there were 307,000 full-size<br \/>\npickups available, up from 229,000 the same time last year.<br \/>\nMeanwhile, the average MSRP has defied the industry trend,<br \/>\nincreasing to $63,000, from $59,300 in December 2022 and $55,400 at<br \/>\nthe start of 2022. But S&amp;amp;P Global Mobility analysis finds<br \/>\nadvertised discounts steadily increased all through 2023, with<br \/>\n$4,740 the current average discount.<\/p>\n<h4 >\nAverage MSRP and list price, full-size pickup truck<\/h4>\n<p ><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.ihsmarkit.com\/www\/images\/0124\/inventories-jan-blog-img2.png\" alt=\"\" width=\"1000\" height=\"329\" \/><\/p>\n<p >\nWho is slashing their big pickup prices? Ram dealers, with 75% of<br \/>\ndealer-advertised units below MSRP. The average discount is also<br \/>\nsizably more than that of the tight pack of Chevrolet, GMC, and<br \/>\nFord. But even Toyota is discounting. Hot take? There is a lot of<br \/>\ninventory out there\u2026deals could be coming.<\/p>\n<h4 >\nAverage discount from MSRP, full-size pickup truck<\/h4>\n<p ><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.ihsmarkit.com\/www\/images\/0124\/inventories-jan-blog-img3.png\" alt=\"\" width=\"1000\" height=\"396\" \/><\/p>\n<h4 ><strong>The mid-sized pickup battleground looming?<\/strong><\/h4>\n<p >Toyota traditionally outsells its mid-size truck competitors<br \/>\nhandily. <a id=\"_Int_herPEfMi\" name=\"_Int_herPEfMi\" style=\"position:absolute;visibility:hidden;\">&amp;lt;span\/&amp;gt;<\/a>But with<br \/>\nthe redesigned 2024 Tacoma in factory ramp-up mode, and also in<br \/>\nhigh demand, inventories plummeted through the fourth quarter. At<br \/>\nthe end of December, there were fewer Tacomas in dealer advertised<br \/>\ninventory than Jeep Gladiator or Nissan Frontier. While Toyota<br \/>\ndealers scramble to find units, might Jeep and Nissan dealers seize<br \/>\non the opportunity to conquest consumers who <a id=\"_Int_Moil01xg\" name=\"_Int_Moil01xg\" style=\"position:absolute;visibility:hidden;\">&amp;lt;span\/&amp;gt;<\/a>can&#39;t wait around for the new Tacoma?<\/p>\n<h4 ><strong>Midsize pickup truck inventories<\/strong><\/h4>\n<p ><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.ihsmarkit.com\/www\/images\/0124\/inventories-jan-blog-img4vs1.png\" alt=\"\" width=\"1000\" height=\"391\" \/><\/p>\n<h4 >\nEV inventories stabilizing<\/h4>\n<p >After growing through most of 2023, the end of December marked<br \/>\nthe first drop in inventory all year for Ford&#39;s Mustang Mach-E. But<br \/>\nwith Ford selling fewer than 5,000 Mach-Es in a month, there still<br \/>\nis sizable backlog. A tougher tale to tell is F-150 Lightning,<br \/>\nwhich despite cutting production has seen inventory grow from 3,200<br \/>\nunits in August to 13,000 at the end of December. At least Ford is<br \/>\nnow selling lower-trim versions; the Lightning average MSRP is<br \/>\nroughly $74,000, whereas in December 2022 it carried an average<br \/>\nMSRP of $80,000 plus an $8,000 premium.<\/p>\n<p >Other manufacturers are adjusting their EV inventories to<br \/>\nacknowledge market realities. Most EV inventories &#8211; VW ID4 and<br \/>\nHyundai Ioniq, to name two leaders &#8211; have leveled off and are<br \/>\nburbling along between 3,000 and 5,000 units for the last quarter<br \/>\nor two, keeping pace with sales. The only real climber is the<br \/>\nChevrolet Bolt EV\/EUV, but Chevy dealers also are adding more<br \/>\ndiscounts on its compact EV. The key question still to be answered:<br \/>\nAre we seeing suppressed EV sales due to a lack of inventory, or a<br \/>\nlack of demand?<\/p>\n<h4 >\nElectric vehicle inventories<\/h4>\n<p ><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.ihsmarkit.com\/www\/images\/0124\/inventories-jan-blog-img5.png\" alt=\"\" width=\"1000\" height=\"386\" \/><\/p>\n<p ><a class=\"primary-button\" href=\"https:\/\/www.spglobal.com\/mobility\/en\/products\/marketing-sales-dealer.html\"><strong>FOR MORE ON INVENTORY DATA AND MARKET<br \/>\nINTELLIGENCE<\/strong><\/a><\/p>\n<p ><a class=\"primary-button\" href=\"https:\/\/www.spglobal.com\/mobility\/en\/products\/automotive-light-vehicle-sales-forecasts.html\"><strong>LIGHT VEHICLE SALES FORECASTING<\/strong><\/a><\/p>\n<p ><a class=\"primary-button\" href=\"https:\/\/www.spglobal.com\/mobility\/en\/Info\/0722\/top-10-industry-trends-report.html\"><strong>DOWNLOAD OUR TOP 10 INDUSTRY TRENDS<br \/>\nNEWSLETTER<\/strong><\/a><\/p>\n<p  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&#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-75602","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\/75602","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=75602"}],"version-history":[{"count":2,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/75602\/revisions"}],"predecessor-version":[{"id":75603,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/75602\/revisions\/75603"}],"wp:attachment":[{"href":"https: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