The industry's supply of unsold vehicles rose in November to the highest level in almost three years: a 77-day supply on Dec. 1, up from 70 days a month earlier.
The last time the days supply was so high was Jan. 1, 1998, when the figure was 83 days.
The Dec. 1 total included a fat 84-day supply of light trucks, up from 80 days a month earlier. Cars were at 69 days, up from 61.
After sales fell in October and again in November, each of the Big Three announced production cuts this month to cut inventories.
At 104 days, up from 79, General Motors was tops in inventory among domestic makers. That included a 114-day supply of light trucks, up from 89.
Ford Motor Co. had an 80-day supply, up from 79. Its light-truck days-supply was unchanged at 84 days.
DaimlerChrysler had a 74-day supply on Dec. 1, down a bit from 76 days a month earlier. The Chrysler Town and Country minivan had a 97-day supply, up from 84. Jeep had an 86-day supply, vs. 88 a month earlier.
Toyota Motor Sales U.S.A. Inc. and American Honda Motor Co. had typically low inventories, reflecting steady to higher sales despite the general slowdown. Lexus and Toyota brands continue to top the sales-per-dealer chart.
Nissan North America Inc. had an 84-day supply, up from 74.
November industry sales slipped 3.4 percent to about 1.2 million but, after 11 months, year-to-date sales are still up 3.9 percent. Analysts expect record sales for the full year of about 17.4 million units. Still, November sales marked the third year-over-year decline since July.