Even the most seasoned automakers don’t always get inventory right. For multiple reasons, from production rates to market response, this formula can fall into disarray, leaving dealers and automakers with an excess – sometimes a big one.
CarEdge recently crunched the numbers, measuring the number of days it would take to sell out all the available inventory of a vehicle based on daily sales rates. This effort attempts to look at which vehicles are currently selling the fastest and the slowest, and the report yielded some interesting results.
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For one, the three fastest selling vehicles on the market this September are all made by the same automaker – and the two slowest selling ones are both products of a different single company.
Let’s start at top of the heap: If you’re in the market for a Toyota Highlander, Rav4 or Camry, you might have some competition. CarEdge shows these three models with a market supply of one month or less, noting that the second fastest seller, the Rav4, has been purchased more than 57,000 times over the last 45 days.
On the other end of the spectrum is Stellantis, maker of the two slowest selling models – the Dodge Hornet and the Grand Wagoneer. At current sales rates, it would take more than 400 days to clear out all the inventory of these two vehicles, with just 233 Grand Wagoneers having been sold over the last 45 days.
Clearing stock is a noted priority for Stellantis CEO Carlos Tavares, who acknowledged in July that excess inventory was one of the company’s biggest critical issues.
The reason this all matters, says CarEdge, is inventory volume is an influential factor in a buyer’s ability to negotiate, a problem that may impact dealers significantly if they find themselves sitting on months – and months – worth of vehicles where they may not be able to demand sticker price.
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X-TIMESTAMP-MAP=LOCAL:00:00:00.000,MPEGTS:0
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Even the most seasoned automakers don't always
get inventory right for multiple reasons from
00:05.400 --> 00:09.710
production rates to market response.
This formula can fall into disarray,
00:09.770 --> 00:15.069
leaving dealers and automakers with an excess.
Sometimes a big one car edge recently crunched
00:15.079 --> 00:18.879
the numbers measuring the number of days it
would take to sell out all the available
00:18.889 --> 00:22.250
inventory of a vehicle based on daily sales
rates.
00:22.329 --> 00:26.200
This effort attempts to look at which vehicles
are currently selling the fastest and the
00:26.209 --> 00:30.299
slowest and the report yielded some interesting
results for one,
00:30.329 --> 00:32.549
the three fastest selling vehicles on the
market.
00:32.560 --> 00:37.189
This September are all made by the same
automaker and the two slowest selling ones are
00:37.200 --> 00:41.319
both products of a different single company.
Let's start at the top of the heap.
00:41.549 --> 00:45.470
If you're in the market for a Toyota Highlander
Rav Four or Camry,
00:45.490 --> 00:50.779
you might have some competition car edge shows
these three models with a market supply of one
00:50.790 --> 00:54.240
month or less.
Noting that the second fastest seller,
00:54.250 --> 00:59.950
the RAV four has been purchased more than
57,000 times over the last 45 days.
01:00.029 --> 01:05.169
On the other end of the spectrum is Stonis
maker of the two slowest selling models.
01:05.180 --> 01:08.739
The Dodge Hornet and the Grand Wagoneer at
current sales rates.
01:08.750 --> 01:14.000
It would take more than 400 days to clear out
all the inventory of these two vehicles with
01:14.010 --> 01:19.084
just 233 grand Wagoneers having been sold over
the last 45 days.
01:19.095 --> 01:25.025
Clearing stock is a noted priority for Salon to
Ceo Carlos Tavares who acknowledged in July
01:25.035 --> 01:28.305
that excess inventory was one of the company's
biggest critical issues.
01:28.455 --> 01:33.625
The reason this all matters says car edge is
inventory volume is an influential factor in a
01:33.635 --> 01:39.404
buyer's ability to negotiate a problem that may
impact dealers significantly if they find
01:39.415 --> 01:44.485
themselves sitting on months and months worth
of vehicles where they may not be able to
01:44.495 --> 01:46.364
demand sticker price.
01:46.860 --> 01:48.599
I'm Anna Wells and this is manufacturing now.
