Automakers dramatically lowered U.S. light-vehicle supplies as of Aug. 1 to 64 days, down from 73 days a month earlier.
Still, stocks were the highest, in terms of days supply, for any July since 1995. A 60-day supply is considered ideal.
The Big 3 trimmed their supply to a combined 73 days, down from 85 days on July 1. Japanese automakers reduced their supply to 45 days on Aug. 1 from 52 days a month earlier. But European companies saw supply rise to 69 days on Aug. 1, up from 60 days a month earlier.
Ford Motor Co. had the largest supply among the Big 3 with 78 days on Aug. 1, compared with 86 days a month earlier. The carmaker's heaviest stocks were at Lincoln, with an 80-day supply of cars, a 102-day supply of light trucks and an overall light-vehicle supply of 91 days.
The Chrysler group increased its stock to a 75-day supply on Aug. 1, up from 72 days on July 1. Its supply of cars rose to 69 days on Aug. 1 from 54 days a month earlier.
The Chrysler brand's Aug. 1 stock included a 199-day supply of the Crossfire, 110 days of the PT Cruiser and 90 days of the Sebring. But the supply of new 300s was low: 23 days, compared with 31 days on July 1.
General Motors trimmed its supply to 68 days on Aug. 1 from 90 days on July 1. Its car supply fell to 57 days from 73 days a month earlier. Its truck supply was reduced to 76 days from 103 days on July 1.
Mitsubishi had a 107-day supply of vehicles on Aug. 1, up from 103 days on July 1. It had a 101-day supply of cars and a 118-day supply of trucks.