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Auto Blog
23-05-2025
- Automotive
- Auto Blog
New Vehicle Inventory Is Shrinking, 3 Ways Shoppers Are Affected
Auto dealers are juggling a complex set of market factors Recent data from Cox Automotive has revealed that new vehicle inventory declined 7.4% in April compared to March. May began with 2.49 million new cars on dealer lots compared to 2.69 million at the start of April, representing a 10.5% drop. During the start of May, U.S. dealers had an average new vehicle supply lasting 66 days, down 16 days year-over-year and six days from last month. While spring has historically been a catalyst for new vehicle sales, inventories aren't being replenished at their usual rate with lower manufacturing and delivery numbers from some automakers amid tariff uncertainty. These changes in production and delivery figures have caused many automakers to withdraw their financial guidance for 2025. In turn, consumers shopping for a new car face slimmer options, fewer incentives, and higher prices. Buick GMC dealer lot — Source: Getty Automakers are on the verge of introducing 2026 production year vehicles at showrooms, but they're also expected to update their inventory with higher tariff-related pricing. New vehicle sales increased 10.5% year-over-year in April, although this figure rises to 14.9% when you don't account for April 2025 having one more selling day than April 2024, according to J.D. Power. Still, some consumers have been rushing to buy new cars to avoid tariff-induced price increases, so sales rates will likely continue tapering off from April. Mid-April saw a 30-day sales peak, but the month's last two weeks experienced a noticeable decline in purchase rates. A closer look at how recent dealer trends affect new car shoppers The average new vehicle listing price was $48,656 at the end of April, marking an increase of $774, or 1.6%, from $47,882 at the start of the month, and $1,318 (2.8%) from a year earlier. While consumers brace for higher new car prices and are currently shopping with reduced inventories, price increases weren't universal. BMW, Buick, Mitsubishi, and Dodge saw month-over-month price declines, while RAM, Lincoln, and Cadillac represented the most significant monthly cost hikes. Dealers are also giving shoppers fewer incentives for new vehicle purchases. According to Cox Automotive data, new vehicle sales incentives dropped to 6.7% of average transaction prices, down 7% from March. However, some brands have more pre-tariff cars available than others. Toyota and Lexus have the lowest supply at 29 and 25 days, respectively, whereas RAM, Mitsubishi, Infiniti, and Land Rover have inventories exceeding 100 days. Due to tariffs, Ford has already raised prices on its Mexico-produced Bronco Sport, Maverick, and Mustang Mach-E. On Monday, Subaru announced tariff-related price increases for several models. Nissan dealer lot — Source: Getty Final thoughts New vehicle shoppers can gain clarity during this turbulent time by understanding inventory figures, as automakers with higher dealer inventories may offer more pre-tariff-priced models. Additionally, knowing which automakers are more reliant on U.S. imports, like Audi, might indicate which companies are most likely to introduce price increases sooner rather than later. Slimmer inventories don't necessarily mean you won't get the model you want, but they may limit your ability to get certain features like specific color combinations. Autoblog Newsletter Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. Sign up or sign in with Google Facebook Microsoft Apple By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime.
Yahoo
23-02-2025
- Yahoo
3 Cook County residents detained after stealing SUV, fleeing police at 130 mph: officials
The Brief Three Cook County residents, Xavier Carrasco, Matthew Perez, and Mariano Martinez, were detained after allegedly stealing a high-end SUV and leading police on a high-speed chase earlier this month. A fourth suspect, Jocelyn Gonzalez, was not detained. The suspects face multiple charges, including possession of a stolen motor vehicle, theft, burglary, and aggravated fleeing and eluding, with additional charges for Perez related to unlawful use of weapons. The chase, which reached speeds of up to 130 mph, involved multiple agencies, including a helicopter, and ended when the Jeep lost control. The suspects were apprehended after fleeing on foot. DUPAGE COUNTY, Ill. - Three Cook County residents are being detained after allegedly stealing a high-end SUV and leading police on a high-speed chase earlier this month. A fourth individual involved in the incident was not detained. What we know Xavier Carrasco, 19; Matthew Perez, 24; and Mariano Martinez, 18, were ordered detained Saturday following a first appearance in court. The fourth person, 22-year-old Jocelyn Gonzalez, was not detained. Carrasco and Martinez face charges that include: One count of aggravated possession of a stolen motor vehicle (Class 1 felony) One count of theft – over $10,000 (Class 1 felony) One count of burglary (Class 2 felony) One count of possession of a stolen motor vehicle (Class 2 felony) One count of aggravated fleeing and eluding (Class 4 felony) Perez is charged with two counts of aggravated possession of a stolen motor vehicle, two counts of aggravated unlawful use of a weapon (Class 4 felony) and one count of aggravated unlawful use of a weapon (Class 4 felony). Gonzalez is charged with one count of aggravated unlawful use of a weapon and one count of aggravated fleeing and eluding, according to DuPage County State's Attorney. The backstory The charges stem from an investigation by the Elmhurst Police Department into the theft of a 2020 Jeep Grand Cherokee SRT valued at more than $53,000 on Feb. 11. At 4:40 a.m., a black Cadillac SUV drove into the overhead service doors at the Al Piemonte Buick GMC dealership. A Chevrolet SS arrived shortly after, and Carrasco exited the vehicle and entered the dealership. Carrasco retrieved keys for the Jeep and fled in the stolen vehicle, the state's attorney said. The Cadillac, also found to be stolen, had been reportedly taken by Martinez from My Choice Motors, located half a mile from the dealership. A short time later, both vehicles went to a gas station in Berkeley and fled at a high rate of speed when a police officer arrived. Pursuit Begins On Feb. 20, a Lisle police officer patrolling near a car dealership spotted what appeared to be the stolen Jeep. The Jeep fled on Ogden Avenue and headed east on I-88, where a Villa Park officer pursued it at speeds reaching 130 mph. Multiple agencies assisted in the chase, including a Chicago Police Department helicopter. The pursuit continued onto I-290, where the Jeep swerved around an Oak Brook officer, narrowly missing him, to avoid spike strips. The Jeep lost control near the 17th Street exit due to losing the front passenger side tire, and all four suspects fled on foot. According to the state's attorney, the four suspects jumped over the concrete median and fled across I-290 before being apprehended a short time later. During the chase, Perez discarded a Glock 20 handgun, and Martinez was found with matching ammunition. Investigators said they also found a loaded AR rifle and a 9mm Hellcat stolen from Cicero inside the Jeep. What they're saying "The blatant disregard for the rule of law allegedly exhibited by these defendants is astonishing," DuPage County State's Attorney Robert Berlin said. "The successful apprehension of these four defendants sends a loud and clear message that in DuPage County, we will not tolerate the type of lawless, dangerous behavior as alleged in this case. We will use every tool available to us, including a helicopter and our partners in law enforcement to go after those who break the law and put the public at risk. We are all very thankful that no innocent bystanders or motorists were injured as a result of the defendants' alleged behavior. I thank the Villa Park Police Department for their outstanding police work that led to the apprehension of these four defendants. The apprehension of the defendants in this case was indeed a team effort and I want to recognize the Elmhurst, Oak Brook, Berkely, Maywood, Forest Park, Broadview and Lisle Police Departments as well as the Illinois State Police for their cooperation and assistance in bringing this matter to a successful conclusion. I especially thank the Chicago Police Department for air support that was instrumental in apprehending the defendants once the defendants allegedly fled their vehicle. I also thank Assistant State's Attorney's Kevin Kosman and Nicholas Covert for their efforts in securing strong charges against the defendants." "The alleged actions of those subjects charged are truly disturbing," Villa Park Chief of Police Michael Rivas stated. "All four subjects showed a blatant disregard for public safety and for the properties of others. The public should be reminded to pull over for emergency lights and sirens. The public should also be reminded that all who commit violent crimes in our area will be met with all lawful resources available to put a stop to these criminal acts. I want to thank the brave men and women of the Villa Park Police Department for their tireless commitment to arresting all violent criminals who come through our area. Once the subjects were taken into custody it was truly a team effort for patrol, investigations, and our records department to process, investigate and care for the subjects while in our custody. The Villa Park Police Department is very successful at taking alleged violent offenders into custody. We do not act alone, and we are thankful to the police departments of Elmhurst, Oak Brook, Chicago and several Cook County Departments for the excellent coordination of tactics, communication, and investigations in this case. We would also like to thank DuPage County State's Attorney Bob Berlin and his thorough team of Assistant State's Attorneys who worked so hard to charge the alleged offenders with the nineteen felonies." What's next Carrasco, Perez, and Martinez are scheduled to appear in court on March 7. Gonzalez's next court appearance is set for March 17.
