J.D. Power said vehicle inventory in early August declined slightly to a 54-day supply, compared with 58 days in July. Car inventory was at 47 days, while truck inventory is at a normal 61-day supply.
Drury said an exception is the Chevrolet Malibu, which has a 96-day supply. " GM (GM - Get Report) overproduced the 2012s and didn't sell down effectively," he said. "Now there are so many discounts" that sales of the 2013 Malibu are being impacted.
J.D. Power noted that production for Honda (HMC - Get Report) and Toyota (TM - Get Report) in the first seven months rose 79% and 65% respectively, as the recovery continues following 2011 production shortfalls.-- Written by Ted Reed in Charlotte, N.C. with a contribution from Andrea Tse. Follow @tedreednc >To contact the writer of this article, click here: Ted Reed