Dec. 18, 2017—According to a Kelley Blue Book report, inventories throughout the auto industry tightened during the month of November, due in large part to successful holiday-related sales events.
The tighter supplies suggest that many of the incentives currently being offered in the year-end cycle may be scaled back in the first quarter of 2018.
Inventories now stand at below-average levels for the first time in 11 months.
Strong November sales helped reduce the days’ supply (the number of days it would take to sell all vehicles in stock at the current sales rate) down to 71, slightly lower than the Dec. 1 average of 72 days.
Overall, there are 3.97 million vehicles in inventory.
BMW has the fewest days’ supply of vehicles on hand, at 41.
Conversely, Volkswagen has 154 days’ supply of vehicles.