Automotive search engineiSeeCars.com says in looking at vehicle inventory in 2021, it has found 9.5% less new-car inventory is available from the current model year compared to the same time last year.
Karl Brauer, executive analyst for the site, said a possible reason is automakers had to delay releases of their new vehicles and that inventory hasn’t completely stabilized.
iSeeCars said some models have more remaining 2020 inventory than others. That makes them more likely to provide discounts for new-car shoppers.
iSeeCars conducted a study of the new cars with the most excess 2020 inventory, and the vehicle with the highest share of 2020 inventory remaining is the Ford Escape.
That vehicle shows 90.4% of its new-car inventory coming from the 2020 model year.
“Ford Escape sales dropped by 26% in 2020 compared to 2019, and Ford didn’t begin production of the 2021 version until early January,” Brauer said in a news release.
Brauer also said, “The normally popular Ford Escape also has new competition within Ford’s own product line, with the all-new 2021 Ford Bronco Sport making headlines and spurring interest.”
For its study, iSeeCars analyzed more than 700,000 new cars listed for sale as of Jan. 29. The share of each model from the 2020 model year was used to rank them. iSeeCars excluded heavy-duty trucks, lower-volume models and cars that did not have a large amount of 2021 inventory available from further analysis.
iSeeCars said the average new model has 22.5% of its inventory remaining from the 2020 model year. But 24 models have at least 1.5 times that amount on dealer lots.
In addition to the Escape, five additional Ford vehicles make the list. Those include...