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Cadillac Dips Under 60 Days Supply In February 2023

Inventory of new vehicles from GM luxury brand Cadillac were running at just below 60 days supply during February 2023, according to information published by Cox Automotive on March 16th.

This represents a slight drop in inventory since January 2023, when Cadillac’s inventory was running slightly above 60 days supply.

A Cox Automotive chart showing Cadillac supply close to average.

Via Cox Automotive

Cadillac’s current supply means its dealerships have sufficient on-site inventory levels to sustain current sales volume for a little less than the next 60 days. Many automotive sales organizations, such as the National Automotive Dealers Association (NADA), consider 60 days supply as an optimum inventory level.

Zooming out to the big picture of the entire market, U.S. dealerships were running an average 56 days supply for February. This is down one day from the 57 days of inventory the typical dealer had in January 2023. About 1.8 million vehicles were in U.S. inventory overall.

Supply is up 68 percent year over year from around a million vehicles in inventory during February 2022. New vehicle sales are also up 9 percent from a year ago, though exceptionally robust fleet sales account for part of this strength.

Front three quarters view of a 2023 Cadillac Lyriq.

A senior economist at Cox Automotive, Charlie Chesbrough, said “new-vehicle sales are showing surprising strength, considering the relentless talk of a recession, growing economic headwinds, and continued inflation.” Despite production soaring as semiconductor chip shortages end, sales are helping hold inventory below the 115 days supply in February 2019, before the COVID-19 pandemic.

Cadillac’s inventory level is therefore basically in line with the overall U.S. automobile market. Currently, affordable vehicles are selling much better than their pricier counterparts. Vehicles under $20,000 are running at only 20 days supply. Those from the next research price category up, $20,000 to $40,000, are maintaining 40 to 44 days supply, 12 to 16 days less than the monthly average.

Higher priced vehicles such as sports cars and full-size pickup trucks are seeing unsold inventory accumulate. Full-size pickups currently have 79 days supply on average as their higher prices restrict sales. Incentives still haven’t risen enough to cut into accumulating backlog in these categories, with Cox economist Chesbrough remarking, “it feels like automakers are waiting for the other guy to blink first.”

Side view of the 2023 Cadillac XT5.

Luxury vehicles, Cadillac’s segment, registered an average 60 days supply for February 2023, making GM’s luxury brand a typical sector performer for this month. Inventory of new luxury vehicles slipped slightly lower from the average 61 days supply present in January.

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Comments

  1. These vehicle supply numbers seem way off to me, there’s still very little inventory on GM dealer lots in Indiana.

    Reply
  2. I live in cleveland Ohio. My caddy dealer is no where near a 60 day supply maybe 30 then it depends on the model

    Reply
    1. Dayton and Cincinnati you can’t get an Diesel Escalade for a year out. They tell me I have to be put on the 2024 list that starts building in November. Probably a year after that!

      Reply
  3. Agreed.
    There are only seven new Cadillacs at the dealership close by me.
    Not sure how far one has to drive to find a Cadillac, but this chart can’t possibly be including the San Francisco Bay Area.
    Maybe they want me to buy another Tesla or Lexus or BMW?… stand-alone dealerships with inventory.

    Reply
  4. they consider in-transit vehicles into this number. the moment a vehicle is built it starts to count, even if its on a parts or shipping hold.

    Reply
    1. So, the thousands of unfinished trucks that have been parked for months are part of the “excessive” inventory?? That’s crazy! GM needs new leadership.

      Reply
  5. My local Cadillac dealers have basically no inventory. Checking every week to find a xt4. If you do find one they are all the same color.

    Reply
  6. I ordered a 2023 Lyriq Cadillac on December 2021, that was a reserve order. They were only making 1500 for this car. I still don’t have it and today is March 28. GM needs new leadership. I have contacted the CEO and have been passed down to five different people. The dealership has been kept in the dark. Now GM is saying I will get it April 18, 2023. I’ll believe it when I see it.

    Reply
  7. I ordered a 2023 Lyriq Cadillac on December 2021, that was a reserve order. They were only making 1500 for this car. I still don’t have it and today is March 28. GM needs new leadership. I have contacted the CEO and have been passed down to five different people. The dealership has been kept in the dark. Now GM is saying I will get it April 18, 2023. I’ll believe it when I see it.

    Reply

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