"Record High: Dealers Struggle with Nearly 2 Million Unsold New Cars"

The inventory of new vehicles at dealerships in the US is steadily increasing, with nearly two million unsold vehicles currently on lots, representing a 53-day supply. The rise in inventory is largely driven by unsold electric vehicles, which have a 103-day supply. On the other hand, compact and midsize cars and crossovers have the tightest inventories. Among automakers, Toyota and Honda have the smallest supplies, while six out of seven automakers saw their inventory levels increase last month.