A few weeks ago, I was writing about the Ford F-150 is back in Canada at 0% Financing and offers below MSRP are starting to appear again in the U.S. Well, pretty much we are back on track to pre-pandemic levels, in terms of vehicle inventory.
As per a recent news report from Autotrader, new vehicle inventories are back again at record high, after 4 years of industry upside down.
“Dealership lots are currently packed with used vehicle inventory, as the influx of new vehicle availability is contributing to higher volumes of pre-owned vehicles,” AutoTrader says in its latest marketplace report.
In addition to that, BIV reported that:
According to the most recent data from Statistics Canada, there were 128,193 cars and trucks sold in Canada in December 2023, which was higher than the pre-pandemic number of 116,466 in December 2019.
So the auto market seems to be back on track to what it was before. Here at LeaseCosts, the leasing inventory has also been on the rise over the past few months, as it is harder now to get vehicles back again into dealerships hands, as used vehicles and new ones are packing up the parking lots.
