1. Inventory shortages for full-size pickup trucks are easing, with vehicles spending more time on dealer lots and fewer selling above MSRP.
2. Cars.com data shows significant inventory improvements for bestselling trucks like the Ford F-150 and Chevrolet Silverado 1500.
3. Despite growing inventory, full-size pickup truck prices continue to rise, while incentives are only modestly increasing.
4. Production challenges, such as microchip shortages and labor issues, contributed to the inventory shortage.
5. Ford and GM announced plans to increase production of popular models like the F-150 and Silverado 1500.
6. Full-size pickup inventory at Cars.com dealers saw a 177% increase from April 2022 to April 2023.
7. Inventory for Chevy Silverado 1500, GMC Sierra 1500, and Ford F-150 experienced significant gains.
8. Rising inventory levels are marked by an increase in the number of days vehicles spend on dealer lots.
9. Median prices for full-size trucks have climbed 7%-10% on average year over year.
10. Inventory improvements for Ford and GM's mid-size pickups, such as the Ford Ranger and Chevy Colorado, are smaller compared to their full-size counterparts.