As some U.S. carmakers update markets on their August sales, higher inventories at dealerships are one reason new-car sales are expected to notch big gains...
As some U.S. automakers update markets on their August sales, higher inventories at dealerships are one reason new-car sales are expected to notch big gains year on year.
Among major U.S. makers, Ford Motor Co. F, +0.79% is expected to release August sales numbers in the coming days. Some car dealerships were operating with about 20% of their usual inventory around the second and third quarters of last year. That meant “essentially zero, because every car was spoken for,” said Edmunds.com analyst Ivan Drury.
“We have started to see some increases in supply for a few makes that have been a bit more constrained over the last couple of years, like Toyota and Subaru,” he said. Negotiations between unionized auto workers and the Big Three automakers — Ford, GM and Stellantis NV STLA, -1.26% — continue, with workers last week overwhelmingly voting to authorize a strike if negotiations fail. The contracts expire Sept. 14, and negotiations have been tense.“In the weeks ahead, we see risk of a UAW labor strike curtailing U.S. vehicle production, potentially at all three Detroit automakers,” Deutsche Bank analyst Emmanuel Rosner said in a note this week.
Car buyers have encountered “MSRP plus,” or sticker prices that carry a premium over the manufacturer’s suggested retail price. People are seeing a few hundred dollars’ worth of discounts from MSRP in some cases, usually on cars that are not among the most sought-after sets of wheels.
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