CHART OF THE DAY: Domestic Auto Inventories Display Supply Chain Issues

09/10/21 08:51AM EDT

Below is a chart and brief excerpt from today's Early Look written by Director of Research Daryl Jones.

If you ship something globally, it has gotten very expensive.  But then again, we know this because every economic survey and corporate earnings report has emphasized these supply chain issues. 

Take the U.S. automobile market.  At the moment, as you can see in the Chart of the Day, domestic auto inventories on lots are literally as low as they have ever been.

CHART OF THE DAY: Domestic Auto Inventories Display Supply Chain Issues - dai

© 2021 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.