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This page is updated monthly with the latest new car inventory data.
Navigating the current car market can be a daunting task, with its varying inventory levels and volatile prices. In this context, knowledge truly is power. A critical piece of this knowledge is understanding the Market Day Supply (MDS).
MDS is a measure of the number of days it would take to sell all of a particular model of car, based on the current sales rate, assuming no additional inventory is added. A high MDS suggests an oversupply, potentially giving buyers leverage for negotiation, while a low MDS might indicate a seller’s market, where negotiating could prove tougher.
Using CarEdge Data, we identified which new cars have the most and least inventory available in February. What we found was shocking. In today’s new car market, inventory ranges from just two weeks of supply, to a nearly two-year supply. Several models have over one year of supply on dealer lots.
Why does inventory matter to car buyers?
Inventory influences negotiability. When there’s a glut of cars, dealers will be more inclined to negotiate with you. Slim pickings? Not so much. This valuable insight can give you an edge in your car buying journey, helping you save money and avoid the hassle.
The Top 10 in February 2024: New Cars With the Highest Inventory
Stellantis appears to be in serious trouble. CDJR brands just can’t seem to sell cars like they used to. This isn’t a new problem, either. Stellantis has led the list of slowest-selling cars for months on end.
These are the new cars, trucks and SUVs with the most inventory right now. The average transaction price of these ten slowest-selling models is $70,277.
In February, Stellantis brands dominate the list for the sixth month in a row. This month, the Dodge Hornet (480 days of supply) and Dodge Charger (477 days of supply) beat the others by a long shot. The Ford Mustang Mach-E climbed to third place, with nearly one year of supply.
Six of the 10 slowest selling cars are Stellantis models. All Stellantis models, not just the ones mentioned here, are highly negotiable right now. However, some CDJR dealers are notorious for resisting negotiation, despite the massive oversupply.
The Maserati Levante, Jaguar F-Type, and Audi e-tron GT show that ultra-luxury cars are selling slowly as high interest rates amplify costs.
There’s BIG potential for deals on any of these cars, but only with negotiation know-how.
The Bottom 10 in February 2024: New Cars With the Lowest Inventory
On the other side of the coin, these are the fastest-selling cars today. In February, we’re seeing some new makes and models on this list. Last month, Toyota dominated. This month, Chevrolet has three models in the top 10.
A few luxury cars are also seeing slim inventory today. But those are low-volume sellers. What’s more alarming is the low inventory among some of the most popular affordable cars on sale today. The Chevrolet models, Kia Carnival, and Kia Rio (discontinued but still popular) are all in high demand, but very short supply.
If you’re shopping for any of these new cars in 2024, you’ll be up against stiff competition and in many cases, greedy dealers.
These are the fastest-selling new cars, trucks and SUVs today. Among the fastest-selling models, the average transaction price is $65,797. That’s about $5,000 less than the slowest selling models.
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Historical Data
January 2024: Fastest-Selling Cars
January 2024: Slowest-Selling Cars
December 2023: Fastest-Selling Cars
December 2023: Slowest-Selling Cars
November 2023: Fastest-Selling Cars
November 2023: Slowest-Selling Cars
October 2023: Fastest-Selling Cars
October 2023: Slowest-Selling Cars
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