The first tentative deal between the automakers and the United Auto Workers has been announced, and while inventories for new vehicles are up for the Detroit Three, not all models are up. Automotive research and auto shopper website CarGurus dove into the inventory of the Detroit automakers to look at both the models of cars that have suffered the most inventory declines and the locations around the country that are seeing a decrease in inventories.
Kevin Roberts, CarGurus’ director of industry insights and analytics, tells American Shipper the auto recovery will not be uniform since this UAW strike action was against all three automakers simultaneously and the industry is still trying to recover from reduced inventory levels caused by the semiconductor shortage.
Based on CarGurus’ research, states with the largest inventory declines for the auto models Chevy Colorado, Ford Ranger and GMC small truck Canyon were California, Florida, Texas, Michigan and Ohio.
“Inventory for midsize pickups like the Canyon are down 44%,” said Roberts. “The Chevy Colorado is down a significant 55%. The Ranger is down 45%.”
The largest inventory declines for the Ford Bronco and the Jeep Wrangler can be found in New York, Dallas-Fort Worth, Boston (Manchester, New Hampshire), Houston and Detroit.
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