While some models are harder to obtain than a winning lottery tickets, others are in ample supply, with automakers’ incentives and dealer discounts up for grabs.
... [+]You need to be a savvy consumer to go car shopping and expect to strike any kind of bargain these days. Consumer demand is overwhelming new-vehicle dealers’ razor-thin inventories, which are largely attributed to ongoing microchip shortages and other pandemic-related causes. While some models have become increasingly difficult to come by and command top dollar, sometimes in excess of the sticker price, not all 2021 vehicles are in such short supply.
As of last month, the new-vehicle dealerships sitting on the largest unsold inventories include Alfa Romeo, Fiat, Infiniti, Genesis, Volvo, Ram, Buick, Cadillac, Dodge, and Chrysler. You might want to consider putting a few more miles on your existing ride and waiting until the market cools off if you’re in the market from one of the brands Cox says account for the thinnest inventories with the fewest number of days to sell.
Specifically, the Chevrolet Corvette sports car and the just-introduced Kia Carnival minivan are currently in the shortest supplies among all models, sitting in inventory for 10 days or less each. For those who may be more willing to change their preferences in order to find what they need and strike a decent deal in the process, we’re featuring the vehicles that are taking the most number of days to sell, along with automakers incentives being used to move the metal this month, below.
“The new-vehicle market is starting to show signs of stabilization around inventory levels,” said Cox Automotive Senior Economist Charlie Chesbrough. “The sales pace has been falling as supply is constrained and consumers wait for improvement. While the days’ supply is stabilizing – and, in fact, it rose slightly at the end of July – inventories remain tight and are far from normal.”
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