Jump to content
Create New...
  • 💬 Join the Conversation

    CnG Logo SQ 2023 RedBlue FavIcon300w.png
    Since 2001, Cheers & Gears has been the go-to hub for automotive enthusiasts. Join today to access our vibrant forums, upload your vehicle to the Garage, and connect with fellow gearheads around the world.

     

  • Anthony Fongaro
    Anthony Fongaro

    Auto Factories Slowing Down Due to Car Dealers' Overstocking

      New car prices are on the decrease and factories are cutting shifts. 

    Car dealers have more cars in stock as of December since the spring of 2021. The metric car dealers use to measure their supplies is "days of inventory". This measures how long it would take to sell a new car at today's sales price. The age-old industry guideline is 60 days on a car lot.

    According to Cox Automotive, the average dealer has a 71-day supply. When you have an oversupply, prices start to lower. KBB states that the average for new car prices dropped from November 2022 to November 2023. It's the third straight month with year-over-year pricing decreasing. 

    Due to anticipation of a union strike, automakers stocked up on cars during the summer. When the United Auto Workers (UAW) initiated their strike, they utilized a different tactic. A few factories were closed, but many factories were at full capacity. 

    Several automakers are slowing down factories. Stellantis has announced it is cutting one of its shifts at a Jeep plant In Detroit. Stellantis is also cutting jobs and production at a Jeep plant in Toledo, Ohio. Meanwhile, GM is putting several assembly pants with scheduled downtime for product changeovers and maintenance. 

    Not all brands are affected by the oversupply issue. November 2023 Toyota dealers had an average of 32 days, with Honda, Kia, and Lexus below 50. Jeep has the worst oversupply issue with a 128-day supply. Nine brands had over 100 days' worth of vehicles. 

    User Feedback

    Recommended Comments

    I suspect change over to new ICE and EV models could have something to play with the build up as January and February are usual change over times in the factory.

    On top of this, I suspect EV inventory will take a drop as Sales with the instant rebate take affect starting in only a few days.

    • Like 1
    Link to comment
    Share on other sites



    Join the conversation

    You can post now and register later. If you have an account, sign in now to post with your account.
    Note: Your post will require moderator approval before it will be visible.

    Guest
    Add a comment...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.




  • Support Real Automotive Journalism

    Cheers and Gears Logo

    Since 2001, Cheers & Gears has delivered real content and honest opinions — not emotionless AI output or manufacturer-filtered fluff.

    If you value independent voices and authentic reviews, consider subscribing. Plans start at just $2.25/month, and paid members enjoy an ad-light experience.*

    You can view subscription options here.

    *a very limited number of ads contain special coupon deals for our members and will show

  • Posts

    • Europeans have for a long time, used concrete to build their homes. Not just the foundations that we do here in North America, but the whole house.  Dare I say for thousands of years?   But even in modern times, Europe (Greece as the next sentences is anecdotal) has used concrete for their foundations and walls as long as I remember going back to the late 1970s.   The concrete is bare inside and out as I recall. Maybe today they paint?  And these concrete homes are not mansions for rich peoples, but homes for everyday peoples. I dont mind concrete for the whole house.  If I was living in Europe that is.  Here in North America I prefer my wood framed and drywall  homes.  In a modern mansion?  Concrete?  Id say maybe.  Depending on how the home is styled I guess.  But I dont like big mansions either though.  I find huge homes useless and lifeless.  I would have a huuuuuuuuge garage though.  And the garage would be fully concrete. So there is that. I grew up with a mother that hated colour in her home. White walls. White appliances. White dishes. But flower patterned sofas and chairs. French Provincial style  on top of that.  And flowers everywhere. The colour in our home came from real plants.   I hate white walls.  I hate flowers in the house and I LOATHE French Provincial anything and everything...        I hate grey on anything. Especially cars.  But my basement walls where my TV resides, the colour of the walls are dark grey where the TV is and the other three sides are a lighter shade of grey.  I hate grey rainy weather.   Grey is such a depressing colour. Black on walls?  Ill pass.  But as an accent somewhere I wouldnt mind.  
    • I am trying to find out Pontiac dealer 627 in zone 14.  Nebraska and Iowa. 
    • One of my sister’s friends has gone overboard with white.  Both her Michigan lake house and Florida house are all white inside, walls, kitchen, white carpet, white furniture, white trim, white dog…a bit much IMO.  
    • Big time concrete was the thing back in the seventies when the brutalist movement was in full force.  Certain buildings at University of Washington, UCSD, and the Salk Institute are like that, and I can't stand them.  It was even in the "Bambi and Thumper" custom house in the desert, where James Bond battled them! In more recent years, it's more of an L.A. thing to have nasty concrete walls in high end modern houses. Having white wall paint doesn't bother me too much.  I have a thing against white mill work in kitchens, and even in bathrooms, because it reminds me of the very few negative things about Atlanta.  I never leafed through a Southern Living magazine, but I've seen their covers in the supermarket, and it seemed like the locals aspired to that look and all that goes with it.
    • I can see black/gray thing being popular in the PNW with it's preponderance of gray skies and cloudy days (which I see a lot of here in Cleveland).  Colorful is out with cars also--all the boring whites, blacks and grays with black wheels, black out trim,  etc that is so trendy and so boring...   Maybe it is part of the overall gloom and doom pop cultural themes of the current era..zombies and post apocalyptic themes are everywhere.. I had my dark and gloomy phase in my early to mid 20s in the 90s with college and grad school beneath gray gloomy NE Ohio and SE Michigan skies, listening to a lot of goth, industrial, metal and grunge music..  But I still liked colorful cars like my red Mustang.  
  • Who's Online (See full list)

  • My Clubs

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.

Hey there, we noticed you're using an ad-blocker. We're a small site that is supported by ads or subscriptions. We rely on these to pay for server costs and vehicle reviews.  Please consider whitelisting us in your ad-blocker, or if you really like what you see, you can pick up one of our subscriptions for just $1.75 a month or $15 a year. It may not seem like a lot, but it goes a long way to help support real, honest content, that isn't generated by an AI bot.

See you out there.

Drew
Editor-in-Chief

Write what you are looking for and press enter or click the search icon to begin your search