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this post was submitted on 27 Mar 2024
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Cars - For Car Enthusiasts
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I work for the auto industry, and this isn't true unfortunately.
I am a tech at a dealer and they laid off like half of us and 2/3 of the sales lot is a wasteland, while the last 3rd is still 2022 models. Driving around the autocenter in my area in South California, none of the lots are full like they were in 2019.
https://www.coxautoinc.com/market-insights/new-vehicle-inventory-january-2024/
Toyota in Feb 2024 had only 36-days-of-supply. But multiple car companies had so much supply that it bleeds off of the graph (over 160 days of supply for Lincoln, Chrysler, and Dodge).
Japanese cars (or at least: Toyota, Honda, Lexus, and Mazda) are still selling like hotcakes. But American Luxury cars are doing very poorly right now.