“There are some signs automakers might be stepping on the gas a little too hard. Some 3.27 million new cars are now sitting on lots across the U.S., more than there have been in almost five years, according to Automotive News. That’s a lot of cars—just enough to equip every man, woman, and child in the state of Iowa with a new vehicle. A year ago at this time, by contrast, there were 2.7 million vehicles lying in wait across the country; summer 2011 saw an inventory of about 1 million fewer cars. Looking for a deal on a vehicle in the next month or two? Dealership lots that stock American automakers appear to be ripe for bargain seekers.”

http://www.businessweek.com/articles/2013-07-31/american-automobile-glut-unsold-cars-are-piling-up

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