Stellantis is sitting on tons of unsold new cars as Chrysler, Dodge, Jeep and Ram all had enough inventory to last at least 152 days
New vehicle inventory can tell you a lot as it can indicate everything from popularity to production issues. The former is by far the most exciting aspect and it appears that Dodge vehicles are piling up at dealerships.
According to an analysis by Cox Automotive, nearly all of Stellantis’ U.S. brands had more than twice the industry average of new vehicle supply. The average stood at 76 days, which means Chrysler, Dodge, Jeep and Ram all had enough inventory to last at least 152 days or nearly half a year.
That’s a lot and Dodge had the highest inventory of all brands in the study, which is surprising as the Charger and Challenger went out of production in December. That means the only Dodges currently in production are the Hornet and Durango, although the electric Charger Daytona will begin rolling off the assembly line later this year. Of course, Dodge could have planned things so that the outgoing Charger and Challenger would remain available until the new model arrives.
Putting Dodge aside, there were 2.74 million unsold new vehicles at the beginning of March. That’s up 942,000 units from a year ago and up 130,000 units from a month ago.
While Stellantis has plenty of inventory, Toyota only has a 34 day supply of new vehicles. Supplies of the Grand Highlander are particularly tight as consumers have embraced Toyota’s new three-row crossover.
Following Toyota was Honda, Lexus, Land Rover, and Kia which all had a supply of 60 days or less. While foreign brands are in high demand, Cadillac and Chevrolet also have relatively tight supplies. That’s especially true of the Trax, which has been a resounding success thanks in part to its starting price of $20,400. The Ford Maverick is also in short supply, although prices have crept up to $23,815.
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On the flip side, Cox said there are relatively high inventories of the Ram 1500 and Ford Explorer. The latter model could be experiencing the effects of the facelifted Explorer, which is slated to arrive at dealerships in the second quarter.
Other notable takeaways from the analysis is that the average new-vehicle listing price is $47,285 which is slightly more than last month’s average transaction price of $47,244.
