GMC had dealer inventory that matched very closely to the average inventory level across the U.S. auto market overall in November 2024, with an 86 days supply at Big Red dealer lots versus an 85 days supply for American dealerships in general.
The data collected by Cox Automotive shows that inventory for the auto industry dropped 5.9 percent below a revised October figure of 90 days supply thanks to vigorous year-end sales activity.
GMC also appears to be moving its inventory successfully off dealer lots. A backlog of 95 days supply existed at Big Red’s dealerships in October, showing that production was seriously outpacing demand. However, this declined sharply in November, and while inventory is still a far cry from the optimal 60 days supply, the situation is clearly improving.
Among individual models, some vehicles have significantly lower inventory than the brand average. The ever-popular GMC Savana commercial van and the three-row GMC Acadia crossover have the lowest inventory among the brand’s lineup. The models with the highest days supply are the Sierra EV pickup and, unsurprisingly, the GMC Hummer EV, which typically has slower sales than other nameplates.
The study notes that pickup truck and SUV sales are likely to accelerate soon, reducing days supply of these vehicle types, “with consumer confidence improving and market performance strengthening.” Financing is getting cheaper as interest rates on auto loans declines, while wages are rising and incentives topped 8 percent during November, painting an increasingly positive picture for auto sales.
Particularly telling is that fact that days supply is dropping even as absolute numbers of vehicles in inventory reach levels not seen since 2020. There were 3.15 million vehicles on dealer lots in the United States during November, the highest in four years, but inventory is dropping, showing the strong volume of sales to offset rising supply.
Days supply also varies by vehicle origin. Several Japanese brands, including Honda, Lexus, and Toyota have considerably below-average days supply, with some models popular enough to have only 35 days in stock. Domestic U.S. brands, including GMC, tend to have high current inventories.
Comments
That’s because the ’25 Terrain hadn’t yet arrived and the ’24s were depleted.
GM has a great plan. They force dealers to take inventory, they don’t want. Then, they penalize them for not selling it. The biggest lie, at GM, is turn and earn. No sold order process is a joke as well!