Today, on average, 22.5% of a new vehicle’s inventory is from the 2020 model year.
Some models’ numbers are 2 to 4 times greater than that.
2020 was a mess which partially explains the leftovers.
It’s not unusual to have left-over new vehicles from the previous model year on dealer lots. For whatever reason, they are in fact fairly common-place. The COVID-19 pandemic slowed new vehicle sales in 2020 which partially why there are so many of them still available for purchase new today. Some are far more common than others, up to four times more common.
“When looking at inventory in 2021, there is 9.5 percent less new car inventory from the current model year compared to the same time last year,” said iSeeCars Executive Analyst Karl Brauer. “This is likely because automakers had to delay releases of their new vehicles and because inventory hasn’t completely stabilized. These cars not only provide negotiation opportunities right now, but many of these vehicles can present even greater savings opportunities as more 2021 vehicles enter the pipeline.”
And that means serious deals can be made. So far in 2021, based on 700,000 new cars on offer in the US, 22.5% of that inventory is from the 2020 model year, according to a study done by iSeeCars. Of all the models investigated, 24 of them have at least 1.5x that amount still available. Of the 24, the Top 10 holds some models whose numbers are up to 4x that amount.
To recap, of the 100% of new vehicles for these 10 models, the percentage amount indicated represents how many are from the 2020 model year. And so, here they are: