US new-vehicle inventory opened August 2025 at 2.68 million units, down -1.0% MoM and -4.7% YoY, with a 73-day supply (down 7 days MoM) and an average listing price of $48,480 (-0.3% MoM).

• July sales rose +8.7% MoM and +10.1% YoY, drawing down inventory by 25,840 units.
• Inventory levels have returned to pre-March 26 tariff announcement levels, reflecting disciplined production.
• EV sales remain strong ahead of Sept. 30 expiration of EV tax credits.
• Through the first 7 months of 2025, average days’ supply was 6 days lower than in 2024.