
Many 2024 and 2025 models sit unsold, dominated by one automaker.
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It reported that US retail sales rose 15% while fleet sales jumped 27%.
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Auto industry inventory levels sat between 1 million and 1.1 million vehicles for the sixth consecutive month in June, according to Cox Automotive.
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Stellantis has suspended production at its Russian plant, which employs 2,700 people, over logistical difficulties and sanctions imposed on Moscow.
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Current inventory levels rest at a 31-day supply for U.S. dealers, reports Cox Automotive subsidiary vAuto.
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How fast automakers move vehicles from factory floors to showrooms will shape the sales story the rest of the year.
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Automakers reported impressive monthly results, showing increases that ranged from 40% to 70% compared to unit sales during the pandemic.
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