Automakers found themselves with a growing stock of trucks at the start of May. There were 2,495,300 trucks in U.S. inventories on May 1, an 87-day supply at current sales rates. That was up 27,700 from April 1, when there was a 79-day supply.
At the start of May, the industry's overall vehicle inventories stood at 3,980,500 units, a 71-day supply. That was up from a 69-day supply on April 1 but well below the 79-day supply on May 1, 2004.
The industry considers a 55- to 60-day supply of vehicles to be ideal.
GM picks up pace
Despite the growth in truck supplies, General Motors last week said it is making plans to run its full-sized pickup factories on overtime to increase inventories. The automaker said it expects to see a rise in its pickup sales this spring and summer.
On May 1, GM had 216,000 Chevrolet Silverado pickups on hand, a 106-day supply. A month earlier it had an 80-day supply of Silverados. GM had 74,200 units of the mechanically similar GMC Sierra on May 1, a 117-day supply. That was up from an 85-day supply on April 1.
Overall, GM had 842,900 trucks on hand on May 1 - a 108-day supply. A month earlier, it had an 89-day supply of trucks.
Rival Ford Motor Co. had 677,300 trucks on May 1, a 101-day supply. On April 1, it had a 94-day supply.
|Truck inventories are down at Ford Division, Chevrolet and GMC compared with year-ago levels, but days-supply numbers are up. Here are the makes that had the 10 highest truck inventory levels on May 1, 2005.|
|TRUCK UNITS||DAYS SUPPLY||TRUCK UNITS||DAYS SUPPLY|
|1. Ford Division||614,700||101||651,800||99|
|5. Toyota Division||145,200||50||147,200||54|
|7. Nissan Division||134,200||98||117,300||108|
|8. Honda Division||82,800||46||65,000||44|
|9. Chrysler Division||53,200||58||61,100||81|
|Source: Automotive News Data Center|
The Chrysler group had 461,000 trucks on May 1, an 85-day supply. The days supply was unchanged from a month earlier.
Meanwhile, Toyota Motor Sales U.S.A. Inc. had 145,200 Toyota trucks on hand on May 1, a 50-day supply, and 8,600 Lexus trucks, a 17-day supply. Those days supplies were up slightly from April 1.
Nissan's supply is up
Nissan North America Inc. reported 143,500 trucks on May 1, a 96-day supply. That was up from a 77-day supply on April 1.
Truck supplies at American Honda Motor Co. Inc. stood at 91,800 units on May 1, a 46-day supply. A month earlier it had a 43-day supply of trucks.
Overall, Japanese automakers had the smallest stock of vehicles. There were 940,700 units on May 1, a 51-day supply. That was unchanged from a month earlier.
European automakers had 212,300 vehicles on May 1, a 61-day supply. That was up from a 60-day supply on April 1.
Korean automakers had 155,200 vehicles, a 62-day supply, on May 1. That was down from a 66-day supply on April 1.
The traditional Big 3 had a stock of 2,672,400 vehicles, an 85-day supply, at the start of May. That was up from a 80-day supply on April 1.
You may e-mail Dale Jewett at [email protected]