General Motors Inventory Levels Fall 47,000 Vehicles In August0
General Motors’ notoriously-swelling inventories are diminishing: August month-end inventory was 893,056 units for an 88-day supply. Compared to July month-end, that represents:
- A decrease of 46,775 units from the 939,831 units
- A decrease of 16 days from the 104 days supply
The results are an even larger decrease compared to the 980,454 units the automaker had on hand at the end of June.
|Month End August 2017||Month End July 2017||Month End June 2017||Month End August 2016|
On a year-over-year basis, however, August 2017 month-end inventory was significantly higher than month-end August 2016, which was 728,213 units and 74 days supply. So compared to August 2016, GM’s August 2017 inventory represents:
- An increase of 164,843 units from the 728,213 units
- An increase of 14 days from the 74 days supply
During its August sales report, GM stated that it is “on track to meet its inventory target, 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 GM Authority Take
So much for (nearly) everyone being up in arms about The General’s swelling inventory levels, eh?
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