(CNBC) -- As dealerships look to sell off cars from the 2019 model year to bring in 2020′s shiny new models, they’re running into a problem. They still have cars from 2018 clogging up their lots.
A full 3.5% of all July’s new car sales were 2018 model years, according to Tyson Jominy, vice president of automotive data and analytics consulting for J.D. Power. That means roughly 49,000 of the 1.4 million new cars sold in the U.S. in July were last year’s models.