Auto dealers warn of high inventory and financing costs
In short
Passenger vehicle inventory was about 43-45 days, FADA said, far above its recommended 21-day level.
The dealers’ group said inventory and financing costs are risks for demand. That could make it harder for dealers if sales slow.
What the reporting says
Passenger vehicle inventory stood at about 43-45 days, well above FADA’s recommended 21-day level, the Federation of Automobile Dealers Associations said. The group flagged inventory and financing costs as risks to demand. The elevated stock levels suggest dealers are carrying cars for longer than advised, which could pressure sales if demand weakens.
Why it matters
The Federation of Automobile Dealers Associations said passenger vehicle inventory remained around 43-45 days, above its advised 21-day level. It flagged inventory and financing costs as risks to demand.