Given the unusual nature of the last 2 years, I bet it's an intentional buildup of inventory. Carrying inventory at 25% of prior year sales seems like a safe number to ensure they don't have a stockout. Anything could come up now that may cause a shutdown in the current climate, so it seems like a solid safety stock amount to be safe. Especially considering the 22MY is largely identical. The majority of car buyers won't care to wait for specific color options or trim levels that weren't offered in 21.So by the numbers... almost 40% of the mustangs produced this month are unsold and sitting on the lots somewhere?
Year to date looks like 13000 mustangs are out there right now. Basically 20% of what was produced did not sell.
I have no idea if this is good or bad but that’s a lot of unsold cars if you asked me. What are typical numbers for similar models? Any big incentives going on?
Interesting none the less. Again, I have no knowledge of what’s good or bad but if I had 20% of my product left over and the last month was close to 40% left over, I’d be wanting to wash my hands of it.