inventory levels at the end of December 2021 totaled 1.12 million units, up 7.4% compared to the end November 2021, but down 59.1% compared the end of December 2020’s total of 2.75 million units
Kevin Roberts at CarGurus predicts a slow, but steady improvement, offering “It's going to get more impacted in Q1, it'll get better in Q2, get better in Q3. A lot of the the projections I've seen, Q4 we should be back to full vehicle production.” “As long as inventory remains tight I don't think we'll see incentive pricing really move as much,” said Roberts.“With the economy doing well, unemployment and interest rates low and available inventory tight the market right now belongs to sellers,” declared Chesbrough. “As a result vehicle shoppers looking for good deals will be challenged. Tight inventories have allowed manufacturers to pull back on discounting.
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