Inventories Rise As Automakers Produce Cars Faster Than They Are Sold

Even with U.S. car sales zooming along, there are some signs automakers might be stepping on the gas a little too hard.

Some 3.27 million new cars are now sitting on lots across the U.S., more than there have been in almost five years, according to Automotive News. That’s a lot of cars—just enough to equip every man, woman, and child in the state of Iowa with a new vehicle, and just slightly less than the number of iPhones added to Verizon’s network last quarter. A year ago at this time, by contrast, there were 2.7 million vehicles lying in wait across the country; summer 2011 saw an inventory of about 1 million fewer cars.

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Yonder7 - 7/31/2013 5:48:14 PM

+2 Boost

So we have to wait and prices may be better for custommers?

Henanamani1 - 7/31/2013 6:36:38 PM

+1 Boost

They will have no other choice than to drop prices. ;)