Light-vehicle stocks have grown.
Rising gasoline prices and the diminishing impact of employee pricing schemes by the Big 3 have affected sales - and with them, inventories. Also affected is the number of days needed to sell those inventories, or days supply.
After a dramatic drop in August, the combined days supply for General Motors, Ford Motor Co. and the Chrysler group rose to 59 days on Sept. 1 from 42 on Aug. 1.
Supplies of Japanese makes remained lean, unchanged on Sept. 1 at 38 days.
The total U.S. light-vehicle supply on Sept. 1 rose to 52 days from 42 days, mirroring the swelling stock of the Big 3.
"Payback begins with below-trend sales in August," wrote John Casesa, an analyst with Merrill Lynch in New York, in a note to investors. "Although Detroit boosted market share during the first two months of its employee pricing campaign, the non-domestic brands regained ground in August."
The Chrysler group has the most supply at 69 days on Sept. 1, up from 53 days. All three divisions showed a rise. Dodge's truck supply jumped to 72 days from 58 on Aug. 1.
Ford Motor Co.'s supply increased to 57 days from 47 a month earlier, largely because of higher truck supply. Jaguar is sitting on a 170-day supply of its luxury cars.
GM's supply on Sept. 1 was identical to Ford's at 57 days, up from 35 days on Aug. 1. GM still has a shortage of cars, a 42-day supply. But its truck supply has more than doubled to 69 days from 33 days on Aug. 1.
Generally, a 60-day supply of vehicles is thought to be ideal.
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