As the automotive industry continues to grapple with an inventory glut, Stellantis stands out for its difficulty in offloading aging 2024 models. The company’s inability to clear stock is mirrored across other brands as US inventories have surged past three million vehicles.
Key Takeaways
- Dodge Hornet PHEV has an unsold inventory of 82.1% for the 2024 model year.
- Cox Auto data shows November’s days’ supply at record highs since November 2024.
- Despite excess stock, dealers are hesitant to lower prices significantly.
The Dodge Hornet PHEV exemplifies the current inventory woes. With over eighty percent of its 2024 model year vehicles still unsold, it’s clear that demand isn’t matching supply for this particular plug-in hybrid variant. Meanwhile, Cox Auto data indicates November saw record-high days’ supply figures since last November.
Despite these numbers, the average listing price in November remained at $49,422, only slightly higher than December 2024’s peak of $48,843. This suggests that dealers aren’t willing to offer substantial discounts despite the abundance of unsold cars on their lots.
For shoppers looking for a bargain, this situation presents both opportunities and challenges. While it might be tempting to wait for deeper discounts as we move into 2026, those who are ready now can often find deals that combine new car peace of mind with warranty coverage at reduced prices.
The inventory glut isn’t limited to the Hornet PHEV; other models and brands across Stellantis and beyond face similar issues. However, despite this trend, dealers aren’t budging on pricing as they wait for consumer demand to pick up or for new model year arrivals in 2026.
Frequently Asked Questions
Why are car prices staying high despite excess inventory?
Dealers want to avoid devaluing their stock and hope that new models will attract buyers willing to pay full price.
Are there any specific brands or models with the most unsold vehicles?
Dodge is notably struggling, particularly with its Hornet PHEV model. Other luxury and performance-focused cars also have high percentages of leftover stock.
In summary, while car shoppers may be frustrated by persistently high prices despite a glut in inventory, there are still opportunities to find good deals on new vehicles before the next model year arrives.
