SHOPSMART AUTOS – CUSTOMER INFORMATION – JUNE 29, 2021 (PT.2)
IS NEW VEHICLE INVENTORY LEFT OR IS IT TIME FOR 2022’S SUVs: The Import Brands Still Have Inventory Crossovers and SUVs were the big sellers in the U.S. prior to the pandemic, and in this category there’s mixed results. The foreign brands seem to have significantly more inventory than domestic brands — possibly because imported models were on ships making the journey to the U.S. while domestic plants were shut down, or possibly because the demand for them was slower due to reduced incentives versus other segments.SUVs overall have seen about a 20 percent reduction in inventory, but some popular models like the Toyota RAV4, Subaru Outback and Ford Explorer have seen a major supply crunch. What’s still in inventory that you’re likely to have an easier time finding? The Honda CR-V supply is down but still plentiful, while the Subaru Forester and Subaru Crosstrek actually have greater availability now than they did three months ago. The Kia Sportage is still plentiful, and a newcomer to the scene, the South Korean-built Buick Encore GX, has plenty of models on lots for you to go kick the tires.
Sedans: Plenty Before All This, Plenty Now The traditional sedan classes were shrinking before the pandemic, and through the crisis their sales haven’t really changed much. As a result, some are just as plentiful on dealer lots now as they were three months ago, offering up a viable less-expensive alternative to buyers who might have wanted an SUV or crossover, but who might have trouble finding one to purchase this summer.
The mid-size-sedan class has seen inventory drops, however, with Toyota Camry, Honda Accord and Nissan Altima supplies shrinking. But the compact and subcompact categories (which weren’t selling all that well before) still have plenty of inventory — the Volkswagen Jetta has seen its numbers climb, as have the Kia Forte, Hyundai Accent and Kia Rio.
Minivans: Not Many Left If you’re in a family way and still prefer a minivan to an SUV, your best bet would be to seek out a Honda Odyssey. There are nearly twice as many Odysseys on dealer lots as there are Chrysler Pacificas — but inventory levels are down by at least 20 percent across the board on all minivan models. The Kia Sedona and Toyota Sienna both saw big drops in inventory, but both are also getting replacements in the near future.
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