Auto Inventory Rises to 3-Year High

New-vehicle inventory in the U.S. rose by more than 200,000 in December and started January half again as large as where it stood a year earlier, the highest in three years, according to Cox Automotive.

Sales Pace Slowing as Dealerships Run Dry

Cox Automotive expects total sales of 4.5 million in Q2, up 1.2% from 2019 and up 51% from the same period of 2020, in the early months of the pandemic. For June, Cox estimates that the SAAR fell to 16.4 million from 17.1 million in May.