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Software company Cloud Theory’s new inventory efficiency index showed Kia and Lexus retailing vehicles most efficiently in 2023 so far. An

Automotive News

New tool shows Kia, Lexus moving the most inventory this year Miranda Dunlap • 3/3/23 An 'inventory efficiency index' created by software company Cloud Theory allows automakers to view supply and demand across all makes and models in real time, including those of their competitors.

Automotive News

Toyota overtakes Kia in latest ranking of U.S. inventory efficiency Abigail Ham • 5/9/23 An inventory efficiency index developed by Cloud Theory ranked the Toyota brand as the most efficient mover of vehicle inventory in the U.S. The index's April results show Toyota overtaking Kia to claim the top spot.

Kia, Lexus Lead the Industry in Moving Inventory

Kia, Lexus Lead the Industry in Moving Inventory 3/3/23 As new vehicle inventory levels continue to recover from supply-chain driven lows in 2021/2022, it is crucial that OEMs and their agency partners understand if vehicles are selling efficiently or if they need a boost. Cloud Theory’s new automotive “Inventory Efficiency Index” reveals that automakers Kia and Lexus have gotten off to the strongest starts in the first two months of 2023.

IEI vs Trims

Full Size Pickups Score Lowest on Inventory Efficiency Index 3/23/23 Full-size pickup trucks have long been a mainstay in automotive inventories and sales. In the first quarter of 2023, for example, four of the top five models in terms of Average Inventory levels are full-size pickups. But while models such as the Ford F-150, Chevrolet Silverado 1500, Ram 1500, and Sierra 1500 continue to assert their large presence in the marketplace, the efficiency at which these vehicles are selling is among the lowest of any segment in the industry.Full-size pickup trucks have long been a mainstay in automotive inventories and sales. In the first quarter of 2023, for example, four of the top five models in terms of Average Inventory levels are full-size pickups. But while models such as the Ford F-150, Chevrolet Silverado 1500, Ram 1500, and Sierra 1500 continue to assert their large presence in the marketplace, the efficiency at which these vehicles are selling is among the lowest of any segment in the industry.

The 2023 Ford Mustang Mach-E GT Performance

Business Insider

These are the hardest and easiest EVs to find at dealerships right now Alexa St. John • 6/1/23 Some electric cars are flying off dealer lots, while others have been harder to sell. That's according to data from Cloud Theory, a data analytics firm that tracks dealership inventory across the US. As automakers ramp up production of electric vehicles, some are having a harder time getting them off dealership lots than they did a year ago, Cloud Theory found.

Automotive News

Kia reclaims top spot in ranking of U.S. inventory efficiency Abigail Ham • 6/5/23 An inventory efficiency index developed by Cloud Theory ranked Kia the most efficient mover of vehicle inventory in the U.S. The index's May results show Kia reclaiming the top spot over Toyota. Before Toyota's triumph in April, Kia had been the consistent industry leader in inventory efficiency for more than a year, according to Rick Wainschel, Cloud Theory vice president for data science and analytics.

These are the hardest and easiest EVs to find at dealerships right now

These are the hardest and easiest EVs to find at dealerships right now Alexa St. John • 6/1/23 Some electric cars are flying off dealer lots, while others have been harder to sell. That's according to data from Cloud Theory, a data analytics firm that tracks dealership inventory across the US. As automakers ramp up production of electric vehicles, some are having a harder time getting them off dealership lots than they did a year ago, Cloud Theory found.

Bloomberg

Automotive News

Pre-COVID inventory levels may not return Abigail Ham • 6/1/23 New vehicle inventory might never return to pre-COVID levels, according to Cloud Theory. Both inventory and sales initially plummeted when the pandemic began in March 2020, but while sales recovered rapidly and even surpassed pre-pandemic levels in the ensuing months, inventory continued to drop, falling below 1 million by fall 2021.

Cloud Theory

Cloud Theory's Inventory Efficiency Index Shows Toyota Now Ranked #1 Nationally 5/10/23 Cloud Theory, the innovative automotive data insights provider, has announced its April findings of national and regional Inventory Efficiency Index rankings in the automotive industry.

Cloud Theory

Cloud Theory's Inventory Efficiency Index Shows Toyota Now Ranked #1 Nationally 5/10/23 Cloud Theory, the innovative automotive data insights provider, has announced its April findings of national and regional Inventory Efficiency Index rankings in the automotive industry. Backed by Cloud Theory's real-time inventory and vehicle movement insights, these rankings reflect which OEMs are getting more than their fair share of sales compared to their relative supply in the marketplace.

Cloud Theory

Cloud Theory Announces Release of Report Entitled "Over the Horizon: Evaluating the Impact of COVID-19 on the Auto Industry" 5/31/23 The days of automakers stocking dealer lots with 3.5 million units of inventory are gone, a long-term result of the industry's lessons learned during COVID-19. As a result, manufacturers will need to learn to balance just-in-time delivery with 'just-in-case' parts supply. The findings were part of 'Over the Horizon: Evaluating the Impacts of COVID-19 on the Automotive Industry,' a report released today by Cloud Theory, the automotive industry leader for real-time inventory and vehicle movement insights. This report looks at the effects COVID-19 had on supply, demand, and pricing for the industry as a whole and for all OEMs from 2020-2023.

Cloud Theory

Cloud Theory Announces Release of Report Entitled "Over the Horizon: Evaluating the Impact of COVID-19 on the Auto Industry" 5/31/23 The days of automakers stocking dealer lots with 3.5 million units of inventory are gone, a long-term result of the industry's lessons learned during COVID-19. As a result, manufacturers will need to learn to balance just-in-time delivery with 'just-in-case' parts supply. The findings were part of 'Over the Horizon: Evaluating the Impacts of COVID-19 on the Automotive Industry,' a report released today by Cloud Theory, the automotive industry leader for real-time inventory and vehicle movement insights. This report looks at the effects COVID-19 had on supply, demand, and pricing for the industry as a whole and for all OEMs from 2020-2023.

Kia's leadership is fueled by its top-ranked SUV models – Telluride and Sportage, with segment-leading efficiency scores in their respective competitive sets

Cloud Theory's Inventory Efficiency Index Shows Kia Leading, But Three Other Brands Are Fighting for the National Leadership Spot 6/7/23 Cloud Theory, the innovative automotive data insights provider, has announced its May findings of national and regional Inventory Efficiency Index rankings in the automotive industry.

Kia's leadership is fueled by its top-ranked SUV models – Telluride and Sportage, with segment-leading efficiency scores in their respective competitive sets

Cloud Theory's Inventory Efficiency Index Shows Kia Leading, But Three Other Brands Are Fighting for the National Leadership Spot 6/7/23 Cloud Theory, the innovative automotive data insights provider, has announced its May findings of national and regional Inventory Efficiency Index rankings in the automotive industry.

Cloud Theory

Cloud Theory's Inventory Efficiency Index Shows Toyota Now Ranked #1 Nationally 5/10/23 Cloud Theory, the innovative automotive data insights provider, has announced its April findings of national and regional Inventory Efficiency Index rankings in the automotive industry. Backed by Cloud Theory's real-time inventory and vehicle movement insights, these rankings reflect which OEMs are getting more than their fair share of sales compared to their relative supply in the marketplace.

Automotive News

Toyota, Kia lead in first-half inventory efficiency Abigail Ham • 7/11/23 An inventory efficiency index developed by Cloud Theory ranked Toyota the most efficient mover of vehicle inventory in the U.S. The index's June results show Toyota reclaiming the top spot over Kia. The two automakers have traded the top spot on the index since it launched this year.

Ford's ambitions could still be outpacing the demand for its electric vehicles

Business Insider

Ford's electric Mustang Mach-E is piling up on dealer lots as the automaker confronts an EV-inventory problem Alexa St. John • 7/12/23 In a sign that Ford's EV ambitions are still outpacing demand, the company's sales numbers, amount of EV supply, and dealer sentiment all indicate that the Blue Oval is sitting on more Mustang Mach-Es and F-150 Lightning pickup trucks than it can sell.

Inventory Efficiency Index 2023 YTD Trends

2023 Mid-Year Review: How OEMs Are Stacking up According to Cloud Theory's Inventory Efficiency Index 7/13/23 Cloud Theory, the innovative automotive data insights provider, has released its June findings of Inventory Efficiency Index (IEI) ratings, and a retrospective 6-month review as we hit the halfway mark in 2023

Inventory Efficiency Index 2023 YTD Trends

2023 Mid-Year Review: How OEMs Are Stacking up According to Cloud Theory's Inventory Efficiency Index 7/13/23 Cloud Theory, the innovative automotive data insights provider, has released its June findings of Inventory Efficiency Index (IEI) ratings, and a retrospective 6-month review as we hit the halfway mark in 2023.

Inventory Efficiency Index 2023 YTD Trends

2023 Mid-Year Review: How OEMs Are Stacking up According to Cloud Theory's Inventory Efficiency Index 7/13/23 Cloud Theory, the innovative automotive data insights provider, has released its June findings of Inventory Efficiency Index (IEI) ratings, and a retrospective 6-month review as we hit the halfway mark in 2023.

Honda Tops Inventory Efficiency Index

Honda Tops Inventory Efficiency Index 8/9/23 Cloud Theory, the real-time automotive data insights provider, announced that according to its proprietary Inventory Efficiency Index, Honda is now No. 1 nationwide, separating itself from last month’s co-leaders Toyota and Kia.

Between dealer tensions, a potential strike, and parts makers struggling, automakers have a rough several months in store.

Business Insider

Automakers are facing an uphill battle as inventory piles up and workers threaten to go on strike Alexa St. John • 8/17/23 The peace that Detroit automakers have had over the past several months is getting interrupted — and car buyers and investors should brace themselves.

Tesla competition

Business Insider

It could take a decade for other automakers to catch Tesla — and none are 'leading contenders' just yet, experts say Alexa St. John • 10/19/23 It's hard to gauge which automaker will be the runner up to Tesla in the coming years — and there might not be one at all.

Automotive News

Despite Mercedes' zeal for EVs, models are slow to sell Urvaksh Karkaria • 10/20/23 Mercedes-Benz's aspirations to become a global electric vehicle brand show early signs of stalling in the automaker's largest EV market as retailers struggle to dent their swelling inventories. The brand reported its U.S. EV sales surged more than fourfold in the first nine months of the year, largely because of the higher-volume EQE crossover and sedan.

EV Sales Growth Lags

Aftermarket News

Study: EV Sales Growth Lags Behind Available Inventory After Market News Staff • 10/22/23 A Cloud Theroy study dives into EV market trends, Tesla's dominance and the challenges facing automakers.

Cloud Theory's Nationwide Inventory Efficiency Index; General Motors Has Three Brands in the Top 10

Toyota Retakes the Top Spot on Cloud Theory's Nationwide Inventory Efficiency Index; General Motors Has Three Brands in the Top 10 Wn.com • 11/6/23 Cloud Theory, the real-time automotive data insights provider, has announced that according to October results from its proprietary Inventory Efficiency Index, Toyota has again taken the top spot nationwide, beating out months-long leader Honda.

Cloud Theory's Nationwide Inventory Efficiency Index

Toyota Retakes the Top Spot on Cloud Theory's Nationwide Inventory Efficiency Index; General Motors Has Three Brands in the Top 10 ItNewsOnline • 11/6/23 Cloud Theory, the real-time automotive data insights provider, has announced that according to October results from its proprietary Inventory Efficiency Index, Toyota has again taken the top spot nationwide, beating out months-long leader Honda.

Cloud Theory Releases Special Report:

Cloud Theory Releases Special Report: "2023 Review of Automotive Industry Trends and 2024 Outlook" Auto Blog • 1/18/24 Cloud Theory uses its unique perspective on comprehensive supply and demand to review the 2023 automotive industry and predict five major issues that will dominate in 2024.

Cloud Theory IEI Toyota Top Spot

Toyota Retakes the Top Spot on Cloud Theory's Nationwide Inventory Efficiency Index; General Motors Has Three Brands in the Top 10 Yahoo Finance • 11/6/23 Cloud Theory, the real-time automotive data insights provider, has announced that according to October results from its proprietary Inventory Efficiency Index, Toyota has again taken the top spot nationwide, beating out months-long leader Honda.

New Vehicle Prices Dropped in November 2023

New Vehicle Prices Dropped in November Compared to Year Ago Michael Strong • 12/13/23 Consumers actually paid more for a new vehicle in November than October but compared to last November prices fell 1.5%. It was the third straight month prices dropped when compared to year-ago numbers.

U.S. new-vehicle inventory expected to rise again in 2024

Automotive News

U.S. new-vehicle inventory expected to rise again in 2024, forecast says George Weykamp • 1/17/24 New-vehicle inventory is expected to reach a 4-year high in 2024 but still fall short of pre-pandemic levels, according to a Cloud Theory forecast.

auto inventory slips amid seasonal fluctuations

Automotive News

January U.S. auto inventory slips amid seasonal fluctuations, report says George Weykamp • 2/7/24 Inventory fell from 2.64 million in December to 2.53 million in January, interrupting an 11-month period of sustained growth, the data analytics company said.

New Vehicle Inventory Rising

New Vehicle Inventory Rising Again Autobody News Staff • 3/6/24 While inventory and movement are on the rise, vehicle pricing is experiencing a downward trajectory.

Ford Mustang MachE Price Drop

FORD MUSTANG MACH-E DEMAND JUMPED AFTER PRICE CUTS: REPORT Brett Foote • 3/19/24 3 Aside from launching a new EV referral program in select markets recently, The Blue Oval also slashed Ford Mustang Mach-E prices dramatically back in February as inventory piled up.

Cloud Theory Releases Special Report:

Cloud Theory Releases Special Report: "2023 Review of Automotive Industry Trends and 2024 Outlook" Yahoo News • 1/18/24 Cloud Theory uses its unique perspective on comprehensive supply and demand to review the 2023 automotive industry and predict five major issues that will dominate in 2024.

Mustang Mach-E sales have jumped since Ford announced price cuts to outgoing 2023 models, easing an inventory glut.

Automotive News

Mustang Mach-E sales underscore pricing issue Michael Martinez • 3/31/24 Since Ford cut prices by up to $8,100 in February, a data analytics firm says movement of Mach-E has nearly tripled, while inventory has declined 9 percent.

Ford

Ford Mustang Mach-E Sales Soar After Discounts, Proving Cheap EVs Are the Way Forward James Gilboy • 4/1/24 At the start of this year, the Ford Mustang Mach-E wasn't just one of the slowest-selling EVs in the U.S., it was one of the slowest-selling new cars period. Things got to the point where Ford resorted to extreme discounts to sell them, and their effects reaffirmed something that's becoming increasingly obvious: EV demand is held up by poor affordability.

Ford

People finally bought Ford's Mustang Mach-E after Ford lowered prices Collin Woodard • 4/4/24 The Ford Mustang Mach-E may have caused its fair share of controversy over the decision to call an electric crossover a Mustang, but as long as you can get past that, we found it to be a solid EV. Unfortunately for Ford, it ran into issues selling the Mach-E and ended up with a lot of extra inventory. Ford responded by cutting prices, and wouldn’t you know it, now that Ford has released its numbers for Q1, it looks like lowering the price on the Mach-E actually worked.

Avg inventory

Vehicle Movement Jumps to An Almost Three-Year High 4/3/24 Toyota Solidifies Its Inventory Efficiency Index Lead; Acura Enters the Top 10

Avg inventory

Canadian Auto Dealer

U.S. vehicle movement up 28% in March 4/3/24 New vehicle inventory in the United States was up in February, but according to Cloud Theory’s monthly report, the real headliner is the sharp 28% month-over-month increase in vehicle movement seen in March.

Mustang Mach E

Ford Mustang Mach-E Sales ‘Catching Fire’ After Huge Price Drop Suvrat Kothari • 4/3/24 Ford slashed Mustang Mach-E prices after the electric crossover lost eligibility for the federal tax credit at the start of the year.

Ford electric explorer

Ford delays electric three-row SUV with new EV pickup arriving in 2026 Peter Johnson • 4/4/24 A recent report from data analytics firm, Cloud Theory, said Mach-E movement was “dramatic and immediate.” Despite this, Ford is pulling back plans as it delays EV production at its Oakville plant, including its electric three-row SUV.

Ford

Automotive News

DAILY DRIVE PODCAST: April 9, 2024 4/9/24 Cloud Theory’s Rick Wainschel joins the show to talk about new data that suggests there is an untapped market for EVs. BMW gives dealers a look at new products and its retail strategy. Plus, Cruise is putting vehicles back on the road in Phoenix.

Chevy Blazer EV Rival Ford Mustang Mach-E Sees Sales Boost Following Price Cut Jonathon Lopez • 4/10/24 As the broader automotive industry bolsters the all-electric segments with new models, those already on the market must adapt to stay competitive. That includes the Ford Mustang Mach-E, which rivals the Chevy Blazer EV. As GM Authority covered previously, Ford slashed prices on the 2023 Ford Mustang Mach-E in February amid growing dealer inventory, a move that resulted in a boost to sales. Nevertheless, legacy automakers continue to struggle to make EVs profitable.

Electric vehicles on average were discounted nearly $6,000 in the first quarter, according to Cox Automotive.

Automotive News

5-figure EV discounts emerge amid bloated inventories Hannah Lutz • 4/18/24 Electric vehicles on average were discounted nearly $6,000 in the first quarter, according to Cox Automotive.

Hybrids, such as this 2024 Toyota Prius Limited offer automakers an alternative to electric vehicles to meet reduced federal emissions standards a report from Cloud Theory asserts.

Study Reveals The Hybrid Lifeline For EV-Challenged Automakers Ed Garsten • 4/29/24 When the Biden administration lowered electric vehicle adoption targets from 67% to 35% by 2030 it did two things—throw a lifeline to automakers feeling the pressure to produce and sell EVs while tossing a big bucket of ice cold water on companies which sell only battery powered vehicles.

Ford Mustang Mach-E Premium

People finally bought Ford's Mustang Mach-E after Ford lowered prices Collin Woodard • 5/7/24 The Ford Mustang Mach-E may have caused its fair share of controversy over the decision to call an electric crossover a Mustang, but as long as you can get past that, we found it to be a solid EV.

Ford Mustang Mach E

Ford slashes 2024 Mustang Mach-E price with new 0% APR offer Peter Johnson • 5/23/24 Just when you thought the EV deals couldn’t get better, Ford is cutting 2024 Mustang Mach-E prices with a new 0% APR offer. The deal comes after Ford slashed Mach-E prices by up to $8,100 earlier this year.

Jeep Wagoneer S Launch Edition

Jeep Brand Of Stellantis Introduces Global Electric Vehicle Model Bill Koenig • 5/30/24 The Jeep brand of Stellantis NV said Thursday it’s bringing out a global electric vehicle model later this year.

Honda CR-V Hybrid among most popular HEVs.

BEV Aspirations Meet Reality: Hybrids Poised for Comeback Rick Wainschel • 6/11/24 Hybrids have a long history in the marketplace and a comfort factor with consumers that BEVs do not currently enjoy.

Vehicle Movement July

Good News! New Vehicle Inventory Approaching 3 Million Vehicles CarPro • 7/9/24 New vehicle inventory continues to slowly increase, outpacing demand, according to Cloud Theory, a real-time automotive data insights provider

Autoline Network

eVTOLs & Why So Many Automakers Want In - AAH 702 Autoline After Hours • 7/19/24 eVTOLs & Why So Many Automakers Want In

Ford Bronco

Automotive News

Ford Bronco sales slide unconcerning to dealers after 2 years of markups Michael Martinez • 10/23/24 From its sales numbers, the Ford Bronco is having a tough 2024.

Headlight News Trump's Second Term

Trump’s Second Term Presents Opportunities, Poses Risk to Auto Industry, Says Top Toyota Exec Paul Eisenstein • 11/7/24 President-elect Donald Trump is widely expected to move quickly on a broad agenda when taking office next January. He has made it clear this will include a number of issues critical to the auto industry, including tariffs and EVs.

Bloomberg EV Incentives

How $13,000 Worth of EV Incentives Convinced Me to Go Electric David Welch • 9/12/24 Dealers are also starting to advertise price cuts more aggressively, according to Cloud Theory, which scans dealer websites and tracks prices being offered

Epoch Times

Americans Buying New Cars Again Despite Average Sticker Price of Nearly $50,000 Mark Gilman • 12/5/24 Americans are on pace to buy 16 million cars this year.

Motor.com

New Vehicle Inventory Growth Hits A Hiatus 8/7/24 This is the first pullback—other than seasonal drops from December to January—to have occurred in two years

2024 Cloud Theory eBook

Cloud Theory "On the Horizon: 2024 Review + 2025 Outlook 12/13/24 New Car Pricing Remains High Throughout 2024 Despite a Significant Rise in Inventory

Headlight News automakers Moving New Vehicles

Automakers Moving New Vehicles, But Toyota's Actually Selling Them 6/7/24 Automakers continue growing a previously tight inventory of new vehicles. Having these vehicles on dealer lots gives consumers more choices — choices that turn into purchases eventually.

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