For some time now, inventory levels of Cadillac vehicles have bounced around the 60 days supply mark, considered an optimum level of inventory across the automotive industry. Now, inventory of the luxury marque’s vehicles decreased in December 2023 from November 2023 figures.
According to a report from Cox Automotive, Cadillac inventory levels stood at 52 days of supply as of December 2023. This means that at the current sales pace, there is enough inventory on dealership lots to last for 52 days. In comparison to the rest of General Motors’ U.S.-market brands, Caddy was ranked last as GMC, Chevy, Buick stood at 68, 70, and 106 days supply, respectively, while the industry average was 70 days of supply.
It’s worth noting that these figures are related to the U.S. market.
This is an interesting development when considering that General Motors has been actively taking steps to reduce its surplus inventory across all its U.S. brands. While most facilities were closed towards the end of the 2023 calendar year in observance of the holidays, the Detroit-based automaker scheduled an extra week of downtime at its Spring Hill plant in Tennessee, where the Cadillac XT5, Cadillac XT6 and Cadillac Lyriq are produced, as well as maintenance at the Lansing Grand River plant in Michigan, which assembles the Cadillac CT4 and Cadillac CT5.
Of course, while GM’s intention may not have been to lower supply levels, this decreased production output has the potential to help reduce supply figures moving through January 2024 and beyond.
As background, this study was based on the daily sales rate for the most recent 30-day period – which in this case ended on January 1st, 2024. Over this timeframe, December 2023 sales jumped 13 percent on a year-over-year basis for a total sales pace of 15.8 million units.