Inventory levels in the U.S. climbed slightly during August but are still lower than where they stood at the same time in 2017.
Automakers and dealers had an estimated 3,809,000 unsold vehicles on hand on Sept. 1, a 69-day supply, according to the Automotive News Data Center. That is down from 3,887,900 at the same time in 2017, a 71-day supply then. However, inventory is up from last month's 3,750,800, a 66-day supply.
Car inventory continues to shrink, representing just over 28 percent of the total number of unsold vehicles on Sept. 1. Automakers and dealers had an estimated 67-day supply of unsold cars on hand, compared with a 70-day supply of unsold light trucks.
Subaru's inventory level continues to tighten, shrinking to just a 23-day supply on Sept. 1 from 26 days the previous month, the lowest level of any brand at any time this year. No other brand's or manufacturer's inventory level was below 50 days supply, though Audi sat right at that level, followed by Mercedes-Benz at 52 days. Toyota Motor Sales had the third-lowest inventory among manufacturers, at 54 days supply.
Seven brands had inventory levels above 100 days on Sept. 1, led by the ailing Fiat brand, at 182 days. Buick began the month with a 140-day supply, while Mitsubishi had a 115-day supply. GMC, Volkswagen, Porsche and Ram were the other brands above the 100-day mark.
Among manufacturers, Mitsubishi Motors reported a 115-day supply, while General Motors stood at an estimated 91 days and FCA US at 88.