Retail

Toyota's Jack Hollis expects 'one more year' of historically tight inventories

Jack Hollis
Toyota's Jack Hollis, shown in June, said the advent of digital retailing has given consumers a level of comfort with ordering or buying vehicles that are still in transit or yet to be assembled.
August 18, 2022 08:01 PM

Dealership inventory levels will remain at or near record lows for at least another year before they begin to make any recovery, and they may never return to previous levels that required sales incentives, said Jack Hollis, Toyota Motor North America's newly minted head of sales.

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