Despite Memorial Day kicking off summer sales, new auto sales are down 3% MoM as inventory continues to drop. For the first time, franchised dealerships have more used inventory available than new inventory.

Inventory availability trends are something we report on weekly as supply chain disruptions and computer chip shortages have resulted in inventory levels well below seasonal norms.

Looking at the 20+ automotive brands that make up the Foureyes dataset, Jaguar, Land Rover, Chevrolet, Chrysler, and Ford have seen the biggest drop in new inventory YoY. FIAT, Chrysler, Dodge, Volkswagen, and Nissan have seen the biggest drop in used inventory YoY.

To learn more about these insights and explore the data for yourself, visit the interactive inventory dashboard, auto sales dashboard, or other free data resources from Foureyes.