Yahoo Autos Lincoln Dealers Still Have Over 33,000 Unsold 2022, 2023 Models On Their Lots
Lincoln dealers have a big problem. Aside from having just four models to sell, dealers have a bunch of cars from one and two model years ago that they haven’t been able to move. As Automotive News reports, this means Lincoln dealers have some of the highest inventory levels in the industry. This also means that there are deals to be had if you’re in the market for a Lincoln.
According to data from Cox Automotive, at the end of February 2024, Lincoln dealers had four months’ worth of vehicles sitting on dealer lots; two-thirds of those vehicles are from previous model years. I even did a rough check using Autotrader and was able to find 8,761 2022 and 2023 new Lincolns for sale across the country — including a new 2023 Navigator that’s been on sale for 391 days at a dealer in Northern California. There are several reasons for this huge number of older vehicles as Auto News described.
Officials pin the high levels on a confluence of factors, including a continued normalization of supply after years of shortages. A monthslong stop sale on the Aviator for a defective rearview camera system, coupled with a 26-day UAW strike at the Chicago plant where it’s built, delayed shipments to dealers until late in the year. A later-than-expected launch for the freshened Corsair over software issues in early 2023 also played a role.
