Car companies have plenty of inventory, enough to cover 77 selling days.
If no new inventory arrives, car companies have, on average, a 77-day supply of vehicles to sell.
AdvertisementEuropean carmakers such as BMW, Mercedes-Benz, Volkswagen, and Volvo are expected to be most heavily affected, Reuters reported, citing research by Barclays analysts.
BMW, Mercedes-Benz, Volvo, and Volkswagen all operate vehicle-processing and -distribution facilities at the port.
At the same time, the Port of Jacksonville handled just over half a million vehicles from Toyota and Volkswagen in 2023.
Persons:
Longshoremen, —, Martin Meissner, Cox, Mercedes, Stephen B, Morton
Organizations:
Service, Cox Automotive, BMW, Mercedes, Benz, Volkswagen, Volvo, Reuters, Barclays, VW, Audi, Toyota, Hyundai, Lexus, Kia Telluride, Port, Georgia Port Authority, Kia, International Longshoremen's Association, US Maritime Alliance, Associated Press
Locations:
Gulf, Europe, East, New York, Baltimore, Savannah , Georgia, Bremerhaven, Germany, West Coast, Asia, Coast, Jacksonville , Florida, Brunswick, Georgia, Savannah, Port, Jacksonville