Kelley Blue Book’s Post

🚗 Rising Inventory Levels in Passenger Vehicles - A Growing Concern for 2024 🚗 Passenger vehicle inventories have surged significantly from May to August 2024, raising concerns about the health of the auto sector. Here's the comparison: May 2024: Inventory levels: 55-60 days Inventory units: 550,000 Estimated value: ₹55,000 crore August 2024: Inventory levels: 70-75 days Inventory units: 780,000 Estimated value: ₹77,800 crore This represents a 41% increase in units and a 42% rise in value over just three months. If this trend continues, automakers may need to offer heavy discounts to clear out excess stock, which could impact profitability and lead to further challenges for the auto sector in the months ahead. #AutoIndustry #InventoryChallenges #FADA #PassengerVehicles #SupplyChain #AutoSales #Discounts #BusinessAnalysis #MarketTrends

This WSJ article highlights an Stellantis-specific over-inventory issue between the OEM and their dealerships. It offers a present-day case study of the delicate relationship between OEMs and their dealership bases. In this case, the over-supply has led to vehicle price cuts and, as a consequence, the OEM's margins are under fresh scrutiny. Despite these woes at Stellantis, industry-wide sales-to-inventory levels are, in fact, well below where they were prior to the pandemic. According to BEA data, the seasonally adjusted sales-to-inventory ratio was 1.4 in March 2024, the latest available data point. In February of 2020, that ratio was 2.0. #auto #consumercredit #economy

Lease returns in 2025 are expected to drop almost 40% from their 2022 levels

According to the latest Cox Automotive summary, the automotive market continues to evolve with fluctuating prices and consumer demand. Dealers who can quickly adapt and implement data-driven strategies will be better positioned to navigate these changes effectively. #AutoIndustry #Innovation #WesternFunding

There has been widespread talk in the automotive industry about new vehicle prices finally starting to decline. It's interesting to see is how this trend is playing out in real numbers. This graph highlights the monthly year-over-year changes in both listing prices and sales for new vehicles in 2024 compared to 2023. As industry experts have noted, there’s a growing trend of new vehicle prices leveling off or even declining slightly as inventories grow. However, the talk that consumer demand is leveling off makes this graph particularly noteworthy. It shows that while prices have dropped marginally in 2024, the sales increases in those same months are much more substantial. It raises some compelling questions: Are lower prices the only thing driving this surge in sales? How are dealerships adapting to these changes? And will this trend continue as we move further into the year? Comment below with your thoughts! If you'd like to see more data like this, follow our page for updates! If you'd like to learn how you can get a custom data set delivered to you, visit us at MarketCheck.com/contact to get in touch with a MarketCheck Consultant right away! #Automotive #AutomotiveIndustry #NewCarSales #NewVehicleSales #MarketTrends #AutomotiveMarket #CarPrices #MarketData #CarSales

VinAudit Automotive Market Insights September 2024 is live! New vehicle inventory grew by 3%, with prices rising 2%, while used car prices dropped 1%. Leads for used vehicles dropped year-over-year in September, but unique credit applications per dealer rose 3%, indicating steady purchase interest despite lower browsing. Overall, the market shows softening prices and mixed performance across key metrics. 2025 Toyota Camry H – Top Selling Vehicle of September 2024 Full Market Report: https://lnkd.in/gexcW3M7

Resilient Supply Chain Fuels Growth in Auto Sales for May 2024 Read The News: https://lnkd.in/gD5YyyCu #ICTTMNews #BreakingNews #AutoNews #MarketUpdate #SupplyChain #VehicleSales #IndustryGrowth

As inventory surges by 1 million units and interest rates climb, dealerships are confronting multiple challenges. The automotive landscape is evolving rapidly, but is your strategy keeping pace? Explore tactics your dealership should adopt to navigate the ever-changing terrain of auto retail 👉 https://brnw.ch/21wNDGW #Automotive #AutoRetail #DealerSales #MobilitySolutions

𝐓𝐡𝐞 𝐚𝐟𝐭𝐞𝐫𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐩𝐚𝐫𝐭𝐬 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐢𝐬 𝐨𝐧 𝐭𝐡𝐞 𝐛𝐫𝐢𝐧𝐤 𝐨𝐟 𝐬𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭 𝐞𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧, 𝐰𝐢𝐭𝐡 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐢𝐨𝐧𝐬 𝐢𝐧𝐝𝐢𝐜𝐚𝐭𝐢𝐧𝐠 𝐚 𝐫𝐞𝐦𝐚𝐫𝐤𝐚𝐛𝐥𝐞 $984 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐯𝐚𝐥𝐮𝐚𝐭𝐢𝐨𝐧 𝐛𝐲 2033, 𝐚𝐬 𝐫𝐞𝐩𝐨𝐫𝐭𝐞𝐝 𝐛𝐲 𝐏𝐞𝐫𝐬𝐢𝐬𝐭𝐞𝐧𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡. Several factors are driving this growth: - The aging vehicle population is fueling demand for replacement parts. - Consumers are recognizing the advantages of regular maintenance. - Both OEM and aftermarket components play a crucial role in prolonging vehicle lifespan and enhancing overall functionality and safety. Industry leaders are poised to lead the market by capitalizing on brand trust, 𝐞𝐱𝐭𝐞𝐧𝐬𝐢𝐯𝐞 𝐝𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐜𝐡𝐚𝐧𝐧𝐞𝐥𝐬, and innovative product offerings tailored to meet changing consumer preferences. The automotive aftermarket serves as a linchpin for ensuring vehicle durability and safety. This expansion underscores the escalating significance of OEM and aftermarket parts within the automotive sector. If you are an automotive parts wholesaler or distributor and want to increase your market share or simply want to improve your delivery experience, contact Principle Distribution today @ tcarter@principledistribution.com. #AutomotiveIndustry #AftermarketParts #MarketGrowth #OEM #AutoParts #Innovation #VehicleMaintenance #Logistics #TexasDeliveryNetwork

Resilient Supply Chain Fuels Growth in Auto Sales for May 2024 Read The News: https://lnkd.in/gD5YyyCu #ICTTMNews #BreakingNews #AutoNews #MarketUpdate #SupplyChain #VehicleSales #IndustryGrowth