by Brad Anderson
- U.S. inventory topped 3 million vehicles in November 2025.
- Dodge Hornet PHEV still has 82.1% of 2024 stock unsold.
- Dealers are discounting old stock but prices remain high.
Figuring out the right time to buy a new car is rarely straightforward, with the best moment often hinging on brand-wide promotions or even a particular model. Still, if your finances are in good order, shopping ahead of a model-year changeover can work in your favor.
Dealers are typically motivated to clear out aging inventory, which can translate into steep discounts. Right now, the volume of unsold 2024 and 2025 models in the US remains unusually high.
Read: Nobody Wants These 2024 Models And Dealers Are Drowning In Inventory
As we reported in early December, many car dealerships across the United States are dealing with a glut of inventory, with 2024 and 2025 models stacking up on showroom floors and struggling to move. December may have offered the best shot at securing a strong deal, but it’s still worth continuing the search into the new year.
Recent market data reveals that as of the end of November, car dealerships across the nation had 3,010,839 vehicles in inventory. While 60.3 percent of these are 2026 models, there are still loads of 2024MY and 2025MY vehicles available.
Inventories haven’t been this high since November of 2024, when they hit 3,206,209. For each of the first 10 months of 2025, inventories were less than 3 million, falling to a low of 2,503,529 in May.
Despite this excess, prices aren’t budging much. The average listing price in November was $49,422, slightly higher than December 2024’s previous peak of $48,843. For most of 2025, prices hovered between $47,000 and $49,000, making this a tough stretch for value-focused shoppers.
“New vehicle prices remain near record highs, presenting a challenge to shoppers seeking a good deal on a new car,” said Karl Brauer, executive analyst at iSeeCars. “But if dealers are struggling to move an older, leftover 2024 or 2025 model, it can be an opportunity for buyers who want new car peace of mind and warranty coverage at a reduced price.”
Who’s Still Holding 2024 Stock?
No automaker is struggling with excess inventory quite like Stellantis. As of early December, Dodge dealers still held 82.1 percent of the total 2024 inventory for the Hornet plug-in hybrid. That’s a staggering figure considering the industry average for remaining 2024 inventory is just 0.4 percent.
Also: Americans Are Somehow Paying Over MSRP For A Dead Chevy Sedan
Jeep and Alfa Romeo are also dealing with notable inventory hangovers. The 2024 Jeep Grand Cherokee still had 70.8 percent of its stock unsold, while the Alfa Romeo Tonale Hybrid sat at 46.8 percent availability. It’s a snapshot of how uneven the sell-through rate has been across brands and models.
Among other standouts, the discontinued Chevrolet Malibu ranks fourth on the 2024 list, with 31 percent of its inventory still on dealer lots. That’s unusually high for a mid-size sedan priced under $27,000, yet as we reported recently, somehow, it’s selling over MSRP, according to figures from Consumer Reports.
Which 2025 Cars Aren’t Moving?
The 2025 numbers aren’t much prettier. BMW’s i4 leads the list with 89 percent of its inventory still unsold, averaging $67,745. Lexus follows closely, with 88 percent of the GX 550 and 84 percent of the LX 600 still on dealer lots. The Subaru BRZ isn’t far behind at 87 percent with an average price of $38,516.
High-profile launches like the Toyota GR Corolla (83 percent) and the Ford Maverick (79 percent across gas and hybrid versions) are also seeing unexpectedly slow turnover. Even Toyota, a brand known for brisk sales, appears four times in the 2025 top 10, including the 4Runner Hybrid and Tacoma Hybrid. The brand’s broad presence on the list signals that strong name recognition alone isn’t enough to keep inventory moving in the current market.
For context, the industry-wide average for leftover 2025 inventory is just 21 percent, making these figures especially high.
New Cars With the Most Leftover 2025 Inventory
| Rank | Model | % 2025 Inventory |
Avg. Price |
| 1 | BMW i4 | 89% | $67,745 |
| 2 | Lexus GX 550 | 88% | $81,291 |
| 3 | Subaru BRZ | 87% | $38,516 |
| 4 | Lexus LX 600 | 84% | $117,757 |
| 5 | Toyota GR Corolla | 83% | $46,015 |
| 6 | Kia Niro | 81% | $31,914 |
| 7 | Volkswagen Taos | 81% | $30,796 |
| 8 | Toyota 4Runner (hybrid) | 80% | $64,276 |
| 9 | Ford Maverick (gas and hybrid) | 79% | $34,549 |
| 10 | Toyota 4Runner | 79% | $54,534 |
| 11 | Land Rover Discovery | 76% | $75,389 |
| 12 | Hyundai Elantra Hybrid | 73% | $27,969 |
| 13 | Chevrolet Corvette (hybrid, coupe) | 73% | $116,316 |
| 14 | Toyota Tacoma (hybrid) | 72% | $58,324 |
| 15 | Porsche Macan | 68% | $106,947 |
| 16 | Jeep Gladiator | 66% | $50,649 |
| 17 | Subaru Outback | 66% | $41,612 |
| 18 | Chevrolet Corvette (hybrid, convertible) | 66% | $125,555 |
| 19 | Ford Explorer Hybrid | 62% | $52,881 |
| 20 | Mercedes-Benz GLC (plug-in hybrid) | 62% | $78,149 |
| 21 | Ford Mustang | 62% | $53,600 |
| 22 | Lexus LX 700h | 61% | $122,342 |
| # | Overall 2024 Average | 21% | $47,767 |
SWIPE
