GM revealed that it plans on reducing its production at Detroit-Hamtramck Assembly Plant, and at factories in Lansing and Ohio. GM says it had more than 874,000 cars, trucks and crossovers in its inventory at the end of November- the most it has had in its U.S. stock in eight years, when vehicles went unsold during the Great Recession.
And with some car models nearing six months of supply, GM will stop assembly lines for three weeks in January at Detroit-Hamtramck, according to the United Auto Workers union. The automaker announced in November it would cut shifts at plants in Lansing and Lordstown, Ohio. Although sales have remained strong, buyers are increasingly choosing trucks and SUVs over cars. That, and GM’s focus on selling to retail customers and relying less on rental fleets, has helped drive up inventory on most car models.
At the end of November, GM said its supply of all vehicles stood at 87 days. That was up from 84 days at the end of October. Analysts say an overall inventory level of 60 to
