The industry ran harder to stay in place in June.
Growing incentives and sluggish sales seem to have canceled each other out as inventories remained almost exactly even. As of July 1, the industry has a 60-day supply of light vehicles on hand, or about 3.2 million units, both almost the same as a month earlier.
Cars declined slightly from 57 days to 56. Trucks increased slightly, from 64 to 66.
Here is a summary of the ups and downs.
Ups: General Motors, which already had the highest days supply of the Big 3, grew from 68 days overall to 78, including unusually fat supplies of some trucks that had been scarce before, like the Suburban sport-utility.
GM may have stocked up on purpose, since all GM plants in the United States and Canada closed for vacation for the first half of this month. All of Ford Motor Co.'s U.S. plants also closed two weeks for vacation.
Inventories for American Honda Motor Co. Inc. also grew slightly, but American Honda still weighed in at only 43 days. Honda Division was No. 2 in car sales per dealer in June, trailing only Saturn.
Similarly, Toyota Motor Sales U.S.A. Inc. went from only 19 days to 25, including both Toyota and Lexus. Toyota Division topped the industry sales-per-dealer list in June, including cars and trucks.
Downs: Ford Motor Co. and Chrysler Corp. whittled their inventories. Chrysler went from 65 days to 56 while Ford dropped from 64 days to 62.
Nissan Motor Corp. U.S.A. dropped from 86 days to 69. Nissan Division sales increased 8.5 percent in June.