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Miami Herald
21-05-2025
- Automotive
- Miami Herald
New Vehicle Inventory Is Shrinking, 3 Ways Shoppers Are Affected
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. 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. 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. 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. Copyright 2025 The Arena Group, Inc. All Rights Reserved.
Yahoo
31-01-2025
- Automotive
- Yahoo
Ford Mach-E Owners Drive More Than The Average American And Still Don't Come Close To Using All Of Their Range
It's been four years since Ford started selling the Mustang Mach-E. In an owners' forum anniversary message, the Blue Oval offered a small peek into the data gathered from the electric crossovers on the road. The manufacturer stated that the average Mach-E owner drives 66 miles on a typical weekday. Shockingly, that figure is far beyond the average American's daily mileage, which per FHWA data is 37 miles per day regardless of powertrain, but it still comes nowhere near the Mach-E's total range. Range is an often-cited concern for drivers considering buying their first electric vehicle. However, Ford's statistics show that it's a non-issue for most owners. The standard rear-wheel-drive Mustang Mach-E has an EPA-certified range of 250 miles. A 66-mile drive uses just over a quarter of the battery's capacity. With the extended-range RWD Mach-E, the longest-range version of the Mach-E that will do 320 miles per charge, a driver is only ten miles short of completing a five-day workweek without needing to recharge. Ford also found that 70 percent of Mustang Mach-E owners recharge at home. It makes sense if there's no reason to recharge during the day. With 163,709 Mustang Mach-E crossovers sold through 2024, Ford's sample size could be considered representative of the country's population. There is one crucial caveat, though. Over 80 percent of EV households also own a gas-powered car. Theoretically, the EV could be the daily driver with the ICE-equipped vehicle used for long-distance trips. Ford hoped the Mustang Mach E would be a transformative vehicle for the automaker, but it only courted controversy for giving the crossover SUV the same branding as its iconic pony car. Last year, Ford CEO Jim Farley even stated that there will never be an all-electric Mustang, forgetting the Mach-E. The electric crossover finally showed its true potential last year when sales nearly tripled after Ford cut prices by up to $8,100. For the latest news, Facebook, Twitter and Instagram.
