General Motors’ infamous inventory glut is no more. The automaker managed to decrease its U.S. inventory to 820,741 vehicles for a 76 days supply at the end of September, a change that represents a decrease of 72,315 units and 12 days supply from the 893,056 units and 88 days supply at the end of August 2017.
The September inventory count represents GM’s lowest inventory unit so far in 2017.
Compared to September 2016, the September 2017 inventory figures represent an increase of 35,227 units and a decrease of 3 days supply from the 785,514 units and 79 days supply.
|Month (2017)||Inventory Units @ Month End||Days Supply @ Month End|
During its September 2017 sales results call for analysts, GM stated that it is on track to meet its inventory target initially stated months ago, which is to end the year with stocks at or below last year’s level of about 850,000 vehicles, with fewer cars and more trucks, crossovers and utilities in the mix.
The latest development that is working in the automaker’s favor in reducing inventory is the ongoing strike at the GM CAMI factory in Ontario Canada that produces the majority of the popular Chevrolet Equinox crossover. Though the walkout might be beneficial in reducing inventory, it will likely have the opposite impact on GM sales and bottom line, unless the automaker can ramp up Equinox production at the two GM Mexico plants that also produce the vehicle – the GM San Luis Potosi factory and GM Ramos Arizpe factory – quickly enough to make up for lost production days at CAMI.
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