News Coverage
Pickup, Light-Truck Supplies Get Skimpy
Tuesday July 14, 2020
Automotive News, July 13, 2020 – Even with fleet sales still blunted by the lingering effects of COVID-19 on daily rental-car companies and most production in North America recovering, auto industry inventories continued to tighten in June, especially in light trucks and among certain automakers.
Cox Automotive estimates that total U.S. inventory dropped to 2.55 million vehicles to start July, representing a 70-day supply at current sales rates.