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Automakers Have Just a Few Weeks of Car Supply Left on U.S. Lots

Automakers Have Just a Few Weeks of Car Supply Left on U.S. Lots

Carmakers’ new-vehicle inventory has dropped to a record low in the U.S. Inventory on dealer lots stood at just 23 days’ supply at the end of May, down from 33 days a month earlier, according to JPMorgan. The industry norm is around 60 days.