Connected Car
The U.S. new-vehicle inventory continued its steady climb in June as production recovers, according to data from Cox Automotive and the Automotive News Research & Data Center. Cox uses the sales rate from the preceding 30-day period to calculate days' supply. Stock levels of compact and midsize cars and crossovers had the tightest inventories. Cox also pointed out that inventory levels were densest among lower-priced vehicles, with stocks growing roughly as price increased. Toyota and Honda vehicles represented nine of the 10 nameplates with the smallest days' supply.