Automakers have sent retailers enough new vehicles to restore a 30-day supply to three major publicly traded auto groups, based on first-quarter earnings reports.
"New-car inventory is building," Sonic Automotive Inc. President Jeff Dyke said on the company's first-quarter earnings call on Thursday, April 27.
One auto group saw the time for increased incentive spending drawing near, while another reported discounting well-stocked vehicles below sticker.
However, some brands remain severely tight on inventory, according to public group executives, with more than one company singling out Toyota as in scant supply.