In April, the average vehicle spent 30 days on a dealer lot before being sold versus 18 days the same time a year prior. Power’s latest sales forecast, shoppers are having an easier time finding vehicles on dealer lots as inventory levels gradually improve. Related: Is the Inventory Shortage Coming to an End?Īccording to J.D. Although we haven’t crossed the finish line of the inventory shortage just yet, shoppers should find a few reasons to celebrate this month - namely, rising inventory levels and incentives. But while a rose garland is the coveted award for the top horse (and a rose bouquet might be for the top mom), shoppers looking for a good deal on a new ride would likely trade the smell of roses for new-car smell. From Derby Day to Mother’s Day, May brings no shortage of reasons to celebrate.
