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GM Authority

Chevy Running At Just Under 60 Days Supply At End Of November 2022

The COVID-19 pandemic had a drastic and largely negative impact on production, resulting in low vehicle inventory and sales volumes. As new customers began to look for new vehicles, production output wasn’t nearly high enough to meet demand, resulting in record-low inventory levels and a subsequent increase in prices. More recently, however, Chevy new vehicle inventory has improved to just under the 60-day supply mark as of the end of November 2022.

This means that Chevy dealers currently have sufficient inventory to meet customer needs. The brand’s best-seller, the Chevy Silverado range, was running at a 90 day supply at the end of November.

As a reminder, a 60-day supply was considered optimal in the U.S. auto industry prior to the COVID-19 pandemic. More specifically, a 60 day inventory level means that dealerships have enough inventory on-site to sustain current sales volume for roughly the next 60 days.

2024 Chevy Silverado HD.

2024 Chevy Silverado HD

According to a report from Cox Automotive, industry-wide inventory is on the rise, and is currently reaching it’s highest levels since May 2021. In fact, the supply of new vehicles was up 81 percent in November 2022 when compared to the same timeframe last year. And while inventory is on an upward trajectory, it still remains historically low, as pre-pandemic records reflect an 86 days supply as the norm. This supply level provides a good balance of consumer choice while keeping inventory costs low.

“Timing is everything,” Cox Automotive’s senior economist Charlie Chesbrough said. “Production is finally ramping up after being stymied by the chip shortage just as demand started to waiver and vehicle sales slowed down.”

2024 Chevy Trax.

2024 Chevy Trax

Speaking of timing, Chevy has a wide range of new products in the pipeline, including:

All of these models will introduce an all-new generation or a mid-cycle refresh.

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Comments

  1. LOL, the dealers in central IN do not have much inventory at all!

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    1. Totally agree. Many Chevrolet dealerships in central Indiana have few new (or used for that matter) Silverado’s.

      Reply
  2. Try Mid Michigan. New trucks everywhere.

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    1. Hey Scott,
      all trucks or some sedans too?

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      1. A little bit of everything. Try Burt Watson, Garber, Graff. Each one owns multiple dealerships in this area about 100 miles north of Detroit. (Midland, Saginaw, Bay City, Frankenmuth Mike Young).

        Reply
  3. Yet, I still don’t have my Silverado I ordered waaaaaaaaay back in March of 2022!!! Get it together GM!!!

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    1. I heard that most of the trucks sitting in lots have the 6.2 and 5.3L with the lifter problem.??

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      1. Oh really? What is the lifter problem?

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  4. I live near the GM Truck plant in Indiana. There are thousands of trucks sitting in fields and parking lots in the area, as far as you can see. A lot of these trucks are 2022 models, sitting out in the snow and rain. A local Chevy dealer has 3 new trucks on their lot? What is going on here? No GM Employee discount any more?

    Reply
    1. Waiting on some sort of chip. At least that is why the keep telling me I don’t have the one I ordered in February 2022!!!!!!

      Reply
  5. Hey Dave,
    Yes, unfortunately, my truck is one of those sitting there. It has been since it was built in August. It’s so ridiculous that I have waited this long and continue to wait for it to be shipped to Ontario, Canada. Yes, I do have an employee discount but I still think I should be receiving more when I eventually get the truck as it’s a year old already! Not to mention, has been sitting in a parking lot for 5 months now…and counting! I’m beyond frustrated!

    Reply
    1. I just want mine shipped 127 miles. Shoot, I would even drive up and get it1 By the time I get it, the darn thing will be 2 model years old. They are scheduled to start production on the 2024s in April.

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      1. 127 miles! Ugh, I would be very tempted to just go and get it.

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  6. In my area , there are lots of Full size trucks , but that’s it, no Equinox or Terrain , No Trailblazer or Encore GX, virtually no cars at all , no Traverse or Acadia, or Enclave . While inventory is up its all full size trucks so if you want anything else , good Luck !!
    One retailer has 3 Camaros, retailers are filling their lots with late model used cars so they have something to sell.
    I get it, FS trucks are the most profitable vehicles GM sells so when there are not enough chips to go around , everything but FS trucks and SUVs are sacrificed.
    The article makes you think thing are back to normal , but unless you are a FS truck buyer , nothing could be further from the truth

    Reply
  7. Maybe 90 days of 4t equipped.

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  8. My local GMC dealer has 249 sierra 1500s, 70 2500s and 30 3500s. Lots to choose from

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  9. Nothing on the lots from any manufacturer in the southeast.

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  10. Made in Mexico has no interest from me. Rather buy a Honda made in Ohio or a Ford made in Kentucky or even a Toyota (gasp) if it’s assembled here in USA.

    Reply
  11. Our central Maryland area GMC/Chevy dealers have virtually no inventory of full size trucks and even less of full size SUV’s!! This report from GM Authority is not accurate at all. I have a Z71 Tahoe and a 1500 AT4 on order from our Chevy & GMC dealers. Both with the 6.2L. Both started out as ’22 retail orders in April & May of ’22. Then they got bumped to ’23 model year in July. Now in January of ’23 and neither order from either dealer has moved past 3300 “order selected, scheduled for production” and 3400 “order broadcast for production”. I can’t begin to explain how frustrating this is and there is no change in site.

    Reply

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