GM Dealer Inventory Rises 35 Percent In June 2024
2
Sponsored Links
Dealership inventory of GM vehicles reached 581,001 units across the United States in June 2024, representing significant jumps on both year- and month-long timelines.
These 581,0001 vehicles in U.S. dealer inventory are a 35.8-percent jump from June 2023 figures, as well an 8.7-percent bump from March 2024 levels. Overall, this amounts to a 66 days supply, where there is currently enough inventory to last 66 days at the current sales pace. Notably, a 60 days supply mark is generally considered optimal across the automotive industry.
It’s worth noting that these numbers include vehicles in-transit to dealership lots.
In regard to each of The General’s U.S.-market brands, Buick deliveries stood at 45,445 units in Q2 2024, which was good for a 6.3-percent jump from Q2 2023 when the Tri-Shield brand moved out 42,752 units. The Buick Encore GX was the most popular at 16,607 units delivered, followed closely by 14,224 Envista units.
Moving on to Cadillac, the luxury marque saw a 1.1-percent decline in U.S. deliveries from 38,877 examples in Q2 2023 to 38,455 units. Only the all-electric Lyriq posted a rise in deliveries with a 441.1-percent hike to 7,294 deliveries, while the venerable Escalade dipped 12.9 percent from 11,555 examples in the second quarter of the 2023 calendar year to 10,069 units on a year-over-year basis.
As for the volume Chevy brand, deliveries of the Bow Tie brand barely nudged with a 0.4-percent decrease from 454,046 units in Q2 2023 to 452,111 in the second quarter of the 2024 calendar year. In regard to specific vehicles, the Trax featured the strongest gain in U.S. deliveries, climbing 152.7 percent from 20,921 examples to 52,875 units on a year-over-year basis. Meanwhile, the Bolt EV and Bolt EUV posted the worst decline at 90.2 percent as production of the fully electric crossovers ended in December 2023.
Finally, GMC deliveries increased a subtle 2.3 percent to 159,585 examples in Q2 2024, notably up from 156,005 the year prior. Much like the Cadillac Lyriq, the Hummer EV boasted the highest gain, skyrocketing 6131.9 percent to 2,929 units during the second fiscal quarter of the 2024 calendar year. As for the Acadia, U.S. deliveries dropped 58.7 percent to 10,008 units in Q2 2024.
Be sure to subscribe to GM Authority for GM inventory news, GM dealer news, GM business news, and more obsessive-compulsive GM news coverage.
Sponsored Links
“In transit” shouldn’t count because they are not readily available for purchase and many of them have been in transit status for months!
Anyone surprised with the interest rates that vehicles are sitting in the lots longer?