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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 December. What we found was shocking. In today’s new car market, inventory ranges from just 5 days 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 January 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 $60,916.
In January, Stellantis brands dominate the list for the sixth month in a row. This month, the Dodge Hornet (506 days of supply) and Dodge Charger (548 days of supply) knocked the Ram 2500 to third place. Last month, the Ram truck shocked everyone with an unprecedented 784-day supply.
Seven 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, Ford Mustang Mach-E, and Nissan Titan are the only non-Stellantis models on this list. Ford’s EV has been piling up on dealer lots as production far outpaces the daily sales rate. Don’t pay any markups for a Mustang Mach-E in 2024!
There’s BIG potential for deals on any of these cars, but only with negotiation know-how.
The Bottom 10 in January 2024: New Cars With the Lowest Inventory
On the other side of the coin, these are the fastest-selling cars today. In January, we’re seeing much of the same patterns that we saw in December. Toyota occupies the largest share of the bottom 10, with four models in the ranks.
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 Toyota models, Ford Maverick, and Kia Rio (discontinued but still popular) are all in high demand, but very short supply.
Interestingly, automakers discovered that profit margins remained high (and even increased) despite record low inventory, hinting at a possible shift in their business model. Why make affordable cars for the masses when many buyers are clearly willing to fork over more cash? That’s the sad state of affairs today. Inventory may never return to pre-pandemic levels for some of these brands.
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 $60,631. That’s about the same as the slowest selling models.
Free Car Buying Help Is Here!
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Historical Data
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
September 2023: Highest Inventory
September 2023: Lowest Inventory
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