"Among dealers and car manufacturers, the terms are "day to turn." "days on lot," or "supply of inventory." It is the number of cars available on dealer lots. At the start of October, the figure across the United States was 2.87 million. According to Cox Automotive, the average day's supply across all brands was 84. It added, "At 84 days, the supply measure is now at the highest point since Q1.""
"Toyota Motor Corp. ( NYSE: TM) is the brand with the lowest supply level. The Cox data show its September supply was 39 days. Supply of its luxury brand Lexus was at 40 days. In each case, the figure is half the national average for the period. The closest brand by the measurement was well behind. Honda's figure was 66, or close to double the Toyota number. At the far end of the spectrum, Lincoln's figure was 142. Pickup brand Ram was next at 137."
"The brand has been at or near the top of most quality studies for years. The same is true for Lexus. It is also possible that Toyota has better inventory management than other car companies. Another reason for the number could be the breadth of models Toyota has. Its lineup includes over 50 models. In other words, it has something for almost any car buyer, from trucks and vans to sedans, crossovers, SUVs, and hybrids, as well as electric vehicles."
At the start of October there were 2.87 million cars available on U.S. dealer lots and Cox Automotive reported an average days' supply across all brands of 84, the highest since Q1. Some brands sell vehicles so quickly that dealers cannot keep a full supply, with cars leaving within five or six weeks. Toyota had the lowest supply at 39 days and Lexus at 40 days, about half the national average. Honda's supply was 66 days, while Lincoln and Ram showed much higher supplies at 142 and 137 days. Possible reasons for Toyota's low supply include strong quality reputation, inventory management, over 50 models, and a wide price range from the Corolla to the Sequoia.
Read at 24/7 Wall St.
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