“Davidson” submits:
The US Light Vehicle market is dominated by 5 brands, GM at 16.8%, Toyota at 14.5%, Ford at 14%, Hyundai Kia at 10.5% and Honda at 8.9%. The current sales pace can be argued as being held back by Toyota which has the lowest inventories and because of this the highest relative demand by consumers. Should Toyota solve its supply chain issues for the US, I argue that Vehicle Sales SAAR(Seasonally Adjusted Annual Rate) would rise into 16.5-17 SAAR till supply/demand normalized. With an avg days dealer inventory of 96, Toyota is woefully undersupplied at just 40 days while every other dealer is oversupplied. The oversupply is the result of EV production consumers have been avoiding preferring internal combustion or hybrid powered vehicles.
