New-car inventory rose in 2022, but the average number of new vehicles sold per dealership fell, according to the National Automobile Dealers Association's 2022 NADA Data full-year report issued in April.
New-vehicle inventory reached 1.7 million at the end of last year, up more than 50 percent from the near-historic low of 1.1 million at the start of 2022. The average number of new cars sold per dealership fell 8.5 percent to 819, down from 895 in 2021.
The NADA Data report is a twice-yearly financial profile of franchised dealerships in the U.S. There were 16,773 of them at the end of 2022, according to the report.