Comment Re:Yes sales are down for new vehicles (Score 1) 137
Also, you've conflated many different things together into an argument that doesn't add up. For starters, here's vehicle sales in the last decade (not to be confused with inventory which is industry speak for production and unsold supply-chain distribution volumes).
Over the past 10 years, U.S. vehicle sales have generally trended upward, with notable fluctuations tied to economic cycles, fuel prices, and supply chain conditions.
Vehicle Sales Trends (2016–2026)
2016–2018: Sales averaged around 14–15 million units annually, with a dip in 2018–2019 due to economic slowdowns and lower consumer demand.
2019–2020: Sales rebounded to over 17 million units in 2019, but fell sharply in 2020 to about 12.2 million due to the pandemic and supply chain disruptions.
2021: A strong rebound to over 18 million units, driven by pent-up demand and stimulus.
2022: Sales dipped to about 13.4 million units, reflecting economic uncertainty and higher interest rates.
2023: Gradual recovery to ~15.8 million units, with seasonal peaks in late 2023.
2024–2025: Sales have been steady in the mid-to-high 15 million range, with 2025 averaging ~15.5–16.5 million units.
2026 (latest): ~16.5 million units sold as of June 2026.
Source: datasets such as https://www.macrotrends.net/da...
The obvious direct correlation with lower inventory is the higher-than-expected sales in the marketplace (US for example). The dataset for inventory is https://www.macrotrends.net/32...
Funnily enough, a longer-term trend with overall slow-down in sales is due to the increased reliability, durability, safety, and repairability of more-contemporary vehicle designs. Instead of a clunker dying before 100K miles on the odometer, now several cars regularly top 200K lifetime miles without any fanfare whatsoever. Thanks to progress in vehicle engineering, even EVs can top 100K miles with only regular servicing and occasional small parts replacement.