The Chevy Silverado and GMC Sierra full-size pickups ran on a tight sub-20 day supply throughout the month of May as lingering effects from the COVID-19 pandemic and the semiconductor chip shortage continued to take a bite out of General Motors’ production output.
According to data from Cox Automotive, both the Chevy Silverado and GMC Sierra had less than 20 days’ supply in May. GM has been grappling with production setbacks at its various truck plants in recent months as the semiconductor chip shortage and COVID-19 pandemic hampers output at its pickup plants, which include the Flint Assembly plant in Michigan, Fort Wayne Assembly plant in Indiana and Silao Assembly plant in Mexico. High demand for its full-size trucks has compounded with lower-than-usual production output, as well, further contributing to the tight inventories.
Low vehicle inventories weren’t exclusive to GM last month, with these same factors reducing production output across the industry. According to Cox Automotive, the national average vehicle inventory for all automakers sat 35 days’ supply in April. Chevrolet and GMC had an average supply of 25 days for all models, while Cadillac and Buick ran on slightly higher inventories of 43 days and 58 days, respectively.
“The auto industry entered June with historically low inventories of unsold new vehicles due to continued strong sales and further production disruptions caused mostly by the global computer chip shortage,” Cox Automotive concluded.
GM sold a combined 189,508 units of the Chevy Silverado and GMC Sierra during the first three months of 2021. This placed the two GM trucks second overall on the hotly contested full-size pickup sales race. The Ford F-Series range reported deliveries of 203,797 units to lead the segment, while the Ram pickup range was third at 148,836 deliveries.