In general, new vehicle inventory levels have remained at fairly lofty levels for some time now, save for a few exceptions such as Toyota and Lexus. However, Lincoln inventory levels remained among the very highest of any automotive brand for months, coming in at more than double the mean, in fact. That did start to improve in a significant way throughout the course of the spring, however, tumbling all the way down from a 127 days’ supply in March to a mere 87 days in April. Turns out, Lincoln inventory levels also dropped ever so slightly in May, too.
According to new data from Cox Automotive, Lincoln inventory levels dropped just a touch in May compared to April, closing out the month at an 86 day’s supply. That’s still a bit higher than the overall average of 70 days, but it’s a mere one day more than Ford, and lower than quite a few of Lincoln’s rivals – a list that includes Cadillac, Mercedes-Benz, Infiniti, Land Rover, Audi, and Jaguar.
Overall, inventory levels continued to decline last month, with 2.47 million new vehicles sitting on dealer lots across the U.S. at the conclusion of May – 0.6 percent fewer than the 2.49 million units at the start of the month, and down 12.2 percent from a year ago. As for the 70 days’ supply average, that’s up three days from April’s 67, but also nine fewer than May 2024, all while sales declined by 5.3 percent.
Meanwhile, the average new-vehicle listing price at the end of May increased by 0.5 percent to $48,883, which is 3.2 percent higher than the same period last year. Average transaction pricing came in at $48,799 last month, which is largely flat compared to April and up just one percent year-over-year, which comes as a mild surprise given the fact that most expected tariffs to have a larger impact on pricing, in general, though thus far, that hasn’t been the case.
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