The inventory of new Chevy vehicles at dealerships in the U.S. was effectively the same in November 2024 as the average inventory for the U.S. market as a whole, according to the latest data gathered by Cox Automotive.Â
Cox research shows that Chevy had an 87 days supply of vehicles at dealerships during the month, meaning it would take 87 days for the dealer to run out of its vehicles at current sales rates if no new stock arrived, while the American auto sector as a whole has an 85 days supply.
The amount of inventory on hand is currently elevated, since a 60 days supply is considered optimal by the automotive industry. However, Chevy’s stock of vehicles is not out of sync with the market as a whole, indicating a relatively healthy balance of supply and sales for the Bow Tie brand.
Specific Chevy models with lower than average inventory levels include the Chevrolet Express van – usually popular and therefore difficult to keep in stock – the now-discontinued Chevrolet Malibu sedan, the all-new second-generation Chevrolet Trax – another fast seller – and the Chevrolet Traverse and Trailblazer crossovers.
Meanwhile, the models with the highest inventory include the Chevy Blazer EV, the ICE Equinox crossover, the Silverado EV pickup, and the internal combustion Blazer. Cox notes that the Chevrolet Silverado 1500 has an elevated supply of around 105 days because dealers keep a significant number of the popular pickups on hand so buyers can choose from the many offered configurations.
The Bow Tie’s inventory edged downward from 88 days in October. Meanwhile, the whole market’s days supply dropped from 90 to 85 month-over-month, a 5.9 percent decline despite the overall number of vehicles increasing to 3.15 million, the year’s largest number. This shows that sales are growing vigorously enough to offset rising inventory totals.
The growing stock of vehicles isn’t causing a significant backlog because improving economic conditions such as higher pay and falling auto loan rates are combining to create a situation in which, according to Cox, “affordability is improving even if prices remain high” – or, more colorfully, “sales pace indicates Santa is coming.”
Comments
Industry-wide, sales are brisk, prices are up and incentives are down this month. But all the morons that voted for Trump are now rushing to buy new vehicles before his tariffs kick in. I can’t believe the stupidity. Glad we bought early last month. Which had nothing to do with the new Prez.
Good grief Beachy. You never seem to get anything right. Manufacturer incentives haven’t been this good since 2019, so to say incentives are ‘down’ is categorically incorrect. Sales didn’t spike due to an election – purely a seasonal thing.
Kool-aid drinker.
I love how you think that as soon as trump takes office prices are going to rise right away. Contracts are signed for production months in advance. Lol. You likely bought at one of the highest times as the federal funds rate was lowered again and is expected to be lowered even more because the Biden economy is slowing and flashing red flags everywhere.