Core Report | September 9, 2022

U.S. light vehicle inventory increased sharply in August, hitting the highest monthly inventory total since June 2021. Inventory of both cars and light trucks increased from July, climbing 24.1% and 10.7%, respectively. The current inventory level, when combined with August’s sales pace, equates to 29 days of supply. While this is a sixteen-month high, it remains well below the “normal” level of 65 days.