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Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 3.6% in the first 15 days of September compared to the month of August. This brought the Manheim Used Vehicle Value Index to 201.4, a 24.9% increase from September 2020. Manheim Market Report (MMR) prices saw a strong increase through the first … Continued
According to Cox Automotive estimates, total used-vehicle sales were down 14% year over year in August. The seasonally adjusted annual rate (SAAR) of sales declined to 35.7 million, down significantly from 41.6 million last August and also down compared to 41.7 million in July. Total used-vehicle sales volume last month was estimated at 3.1 million, … Continued
With market dynamics leading to record prices and at least a decade-low for the month of August in incentives, new-vehicle affordability declined again in August. Without improving incomes, the decline in affordability would have been even worse. The number of median weeks of income needed to purchase the average new vehicle in August increased to … Continued
The total volume of new-vehicle inventory declined again in August, as automakers continue to struggle with production due to the computer chip shortage, according to a Cox Automotive analysis of vAuto Available Inventory data. The days’ supply has been holding steady over the past month. 1.08M Total Inventoryas of Aug. 23, 2021 31 Days’ Supply … Continued
According to a new report from Kelley Blue Book, new-vehicle prices hit another all-time high in August 2021, marking the fifth straight record-setting month. At $43,355, the average transaction price (ATP) for a new vehicle was up nearly 10% ($3,789) from one year ago in August 2020, and up 1.6% ($685) from July 2021. Yet … Continued
Access to auto credit expanded slightly in August according to the Dealertrack Credit Availability Index for all types of auto loans. The All Loans Index increased 0.4% to 98.5 in August, reflecting that auto credit was slightly easier to get in the month compared to July. Access was looser by 6.0% year over year, but … Continued
Certified pre-owned (CPO) sales reached 222,942 units in August. This sales level reflects a 10% month-over-month decrease and a 7% year-over-year decrease when CPO sales continued their strong performance in August 2020 as an important part of the used-vehicle market recovery. The year-over-year decrease was less than the overall used-vehicle market decline of 12%. A … Continued
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 0.4% month over month in August. This brought the Manheim Used Vehicle Value Index to 194.5, an 18.8% increase from a year ago. The seasonal adjustment caused the monthly decline as the non-seasonally adjusted average price increased 1.4% in August, which left … Continued
In August, 112,069 total fleet units were sold, a 3% month-over-month decrease compared to 115,976 in July and an 11% increase from August 2020 which recorded 101,159 units. This brings the 2021 year-to-date total combined large rental, commercial, and government purchases of new vehicles to 1.2 million units, a 6% increase from this time in … Continued
The average listing price for used vehicles set another record in July as vehicle inventory remained tight, according to the Cox Automotive analysis of vAuto Available Inventory data. The days’ supply of vehicles inched higher, but only because sales slowed. 2.44M Total UnsoldUsed Vehiclesend of July 42 Days’ Supply $25,500 Average Listing Price 68,402 Average … Continued