Rising inventories lead to ramp up of incentive spending
New-vehicle inventory rose 28.7% YoY
Higher new-vehicle inventory has led manufacturers to ramp up incentive spending to swiftly move supply. New-vehicle inventory surpassed 3 million units in October across the industry, a 28.7% year-over-year increase, while sales rose 13% YoY to about 1.1 million units, according to a Nov. 14 Cox Automotive report. Industrywide days’ supply rose 13.5% YoY in […]
Already subscribed? Log in
