DETROIT - Stabilizing after a sharp drop in May, the industry's stocks of unsold vehicles declined from a 58-day supply on June 1 to 56 days on July 1.
The figure was the lowest since Oct. 1, 1999, when it was 54 days. The May 1 figure was 68 days.
The supply of light trucks decreased to 64 days, from 67 days. Cars dropped to 49 days, from 50.
General Motors' 62-day supply was unchanged from its June 1 total. Reflecting the resumption of sales after production ramp-up, Chevrolet Trailblazer inventories slid to 50 days from 110. Overall, GM's light-truck supply increased to 73 days from 69. Car inventories fell to 49 days, from 53.
Ford Motor Co. stocks fell to a 61-day supply on July 1, down from 67 days on June 1. Explorer supplies fell to 57 days, from 74, and the overall light-truck supply dropped to 66 days, from 78. Inventories of the Focus increased to 66 days, from 54.
Chrysler group inventories declined to 60 days, from 64, as a slim 46-day supply of cars held down the overall average. Light-truck supplies decreased to 67 days, from 72. Supplies of the new Liberty plunged to 64 days, from 318 on June 1.
Among the imports, Toyota Motor Sales' inventory remained at a 34-day supply.