https://insideevs.com/news/760336/tesla-couple-years-behind-waymo/
If you’ve been thinking about buying a new car, now might be the time to panic shop. Dealer lots are getting emptier by the day, and (unsurprisingly) tariffs are to blame.
The data comes from Cox Automotive, which shows a drop in inventory of 10.5% year-over-year and a 7.4% slide since March.
According to Cox Automotive, U.S. new vehicle inventory dropped in April, the first significant dip in more than a year, apparently. We’re down to around 2.49 million cars on lots, which is around 66 days of supply.
The sore thumb here is what Cox called the “spring bounce.” Sales are usually up in the spring, but that also comes with the usual replenishment of inventory. Unfortunately, what dealers are experiencing is a lower inventory because some OEMs are manufacturing at a lower rate than usual, thanks to tariff uncertainty.
And what does this mean for the consumer? Fewer choices, less incentives and (as the data shows) inflated prices.