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Amazingly, vehicle inventories are low.

Publication: Automotive News
Publication Date: 20-OCT-08 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Amazingly, vehicle inventories are low.(NEWS)(Statistical data)

Article Excerpt
Byline: Jesse Snyder

Call it a miracle, but despite the industry's biggest sales collapse since 1980, automakers have prevented inventories from spiraling out of control.

The sales plunge and a huge swing in the model mix could have sent stockpiles soaring. Yet none of the six big manufacturers has excessive supplies of any high-volume model.

Auto dealers are cutting their own inventories as floorplan financing rates rise and lenders pressure them to reduce stock.

"They're being very careful in ordering in the new model year, said Mike Robinet, head of forecasting for CSM Worldwide.

The industry's combined stock of 2.9 million unsold vehicles on Oct. 1 was almost 300,000 units below the 10-year average for that date. The total generally includes vehicles at dealerships, factory lots, ports of entry and in transit.

The industry as a whole had...

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