Cadillac dealer inventory was up slightly during March 2024 in the United States, according to the latest report from Cox Automotive.
The luxury marque’s inventory was measured at 63 days’ supply last month, meaning that Cadillac dealers had enough inventory on hand to answer current sales volume for 63 days during March. Cox determines this metric by taking into account the daily sales rate for the most recent 30-day period. A higher figure means that vehicles from a particular automaker are sold slowly, while a lower figure means that dealers are selling their vehicles quickly after they arrive from the factory. As a reminder, 60 days’ supply is considered normal and ideal industrywide.
Cadillac’s inventory levels in March place the luxury marque on the lower end of the scale for yet another month. Caddy’s inventory levels were lower than those of BMW with 64 days’ supply but higher than Land Rover (55) and Lexus (43). However, Cadillac inventory sold quite a bit faster than that of its crosstown rival, Lincoln, which had the highest recorded inventory at 130 days’ supply.
For context, the nationwide industry average was 72 days’ supply. It was recorded at 79 days’ at the beginning of March. However, that number fell throughout the month as new vehicle sales picked up, eventually landing at 72 days, which is 17 days higher than the same time period in 2023. The total U.S. supply of unsold new vehicles was 2.77 million units as of April 1st. That is 870,000 units (46 percent ) higher than one year ago, indicating that dealer inventory continues to improve while demand levels out.
However, last month’s industry average was up quite a bit from just 46 days’ supply during February, the lowest recorded value since October 2023.
Want to stay up to date on all things Cadillac? Then be sure to subscribe to Cadillac Society for more around-the-clock Cadillac news coverage. We also invite you to join the latest discussions in our Cadillac forums.
