Cadillac dealer inventory appears to be selling fast as the end of the year approaches, with current days supply at 103 days. While this is far above the national auto market average of 85 days supply, it is down notably from 110 days in October 2024.
Cadillac’s increasing sales and dropping days’ supply are in line with the overall U.S. automotive industry according to Cox Automotive research.
The decrease in inventory isn’t purely price-dependent either. One of the luxury marque’s high-priced but popular ICE models, the Cadillac Escalade, is also one of the vehicles in its lineup with the lowest days supply in November and early December. The well-received Cadillac Lyriq also currently has lower than average inventory.
The compact ICE-power luxury sedan model, the Cadillac CT4, has higher than average inventory for the brand. The compact Cadillac XT4 crossover likewise has elevated days supply. As these lines are being written, two new EV models are in transit to dealerships, with 4,000 Cadillac Escalade IQ SUVs and more than 1,000 Cadillac Optiq crossovers en route to U.S. dealers.
Days supply for the entire U.S. auto market is down about 5.9 percent for November 2024. Inventory for October 2024 has been revised upward to a 90 days supply as better information becomes available. Meanwhile, dealers averaged an 85 days supply for November. This is in spite of rising numbers of vehicles available, with 3.15 million at dealerships in November being the highest total since 2020.
Days supply is declining despite rising numbers of vehicles on offer and in transit because the volume of sales is also high and increasing, offsetting supply. Incentives have risen to 8 percent of average transaction price (ATP), making vehicles more attractive purchasing prospects. At the same time, wages are increasing and election-season malaise seems to have given place to a more upbeat consumer mood.
Analyst Erin Keating of Cox remarked on this brightening outlook by pointing out that in November “consumers and dealers alike expressed optimism and confidence in the economy and vehicle availability.”
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