Mitsubishi North America isn't the only automaker struggling with a glut of unsold vehicles. Most of the industry has been overstocked for the past four months.
The industry had a collective 86-day supply on Feb. 1. That backed off to a 78-day supply on March 1, then dipped to a 72-day supply on April 1 and a 73-day supply on May 1. But the pool of unsold vehicles has remained steady at about 4 million units.
Typically, a 60-day supply is considered ideal. But among the individual manufacturers, General Motors and Ford Motor Co. each had an 83-day supply on May 1. DaimlerChrysler, including Mercedes-Benz and the Chrysler group, had a 69-day supply.
By comparison, American Honda had a 45-day supply, Toyota Motor Sales had a 43-day supply and Nissan North America had a 70-day supply, which for Infiniti includes only vehicles in dealer stocks.
Mazda reported a whopping 93-day supply of unsold vehicles in dealer inventory.