New vehicle inventory up 57% from last year

Based on June retail advertised inventory data, vehicle
inventory in the United States continues to rise. Here are four key
takeaways from our most recent analysis:

1. Available retail advertised inventory at the end of
   June continued to grow, reaching 2.84 million
   vehicles.

   Inventory is up 1.8% compared to the end of May and 57% over June
   2023. This marks the 13th consecutive month of increases.

   

2. Most segments are experiencing inventory growth, with
   the Compact Utility segment seeing a significant increase of
   7.4%.

   This segment also has the largest number of advertised
   vehicles.

   

3. From an advertised pricing perspective, the average
   Manufacturer's Suggested Retail Price (MSRP) has been increasing
   since March, up 2% after a steady decline since last
   summer.

   

4. The average advertised discount is now $3,236, the
   highest level seen in the dataset since January
   2022.

   

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