Despite price reductions, incentives and other programs designed to move the metal, light-vehicle inventories rose again in January.
On Feb. 1, automakers had a 76-day supply of vehicles, up from 66 days a month earlier. Much of that increase can be blamed on the domestic brands of General Motors, Ford and Chrysler, whose combined supply level jumped to 89 days, from 77 days on Jan. 1.
Ford Motor Co.'s supply rose to 95 days Feb. 1, up from 78 days. Ford Motor has a 114-day supply of light trucks, an increase from 79 days a month earlier. The Ford brand has a 117-day supply of light trucks, up from 81 days on Jan. 1. The biggest pickups and SUVs aren't moving off dealer lots.
GM started February in better shape than Ford with an 87-day supply, up from 73 days. But the troubled giant's supply of light trucks rose to 114 days on Feb. 1, compared with 76 days on Jan. 1.
The Chrysler group's supply was unchanged for the month, at 85 days. But Chrysler also has light-truck problems: a 105-day supply, compared with 87 days on Jan. 1. It is in a far better position with cars. Supply dropped to 54 days, from 81 days on Jan. 1.
Parent company DaimlerChrysler had an 83-day supply, up from 78 days Jan. 1. Mercedes-Benz supply grew on the car and truck side to a combined 53 days, up from 35 days on Jan. 1.
Among the Japanese, American Honda supply rose to 49 days, from 37. Mitsubishi ended the month with a 119-day supply, up from 102 days on Jan. 1. Nissan North America's supply rose to 74 days, from 66 days. Toyota Motor Sales had a tight 38-day supply, up from 32 days on Jan. 1.
You may e-mail Diana T. Kurylko at [email protected]