In December, 113,195 fleet units were sold, a 9% month-over-month increase compared to 104,227 in November but a drop of 32% from December 2020. With December in the books, the 2021 year-to-date total of combined large rental, commercial, and government…
Inventory. Pricing. Microchips. Used-vehicle values. This past year had plenty of headlines – hot topics that shifted the industry dynamic. But arguably, maybe 2021 was not so different than any year for our car business. In an industry as large…
A general shortage of new-vehicle inventory has been the auto industry’s leading story of 2021. Tight inventory shifted the dynamics, turning the buyer’s market of 2019 into an unprecedented seller’s market in 2021. Average transaction prices (ATPs) for new vehicles…
Service centers at U.S. franchised dealerships were less busy in November than in October, according to the latest analysis of Xtime metrics. The Repair Order Volume Index decreased in November while the Repair Order Revenue Index increased slightly in November…
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 3.1% in the first 15 days of December compared to the month of November. This brought the Manheim Used Vehicle Value Index to 239.8, a 48.9% increase…
Used-vehicle inventory inched slightly higher in November as the average listing price climbed past $27,000 for the first time, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.31M Total UnsoldUsed Vehiclesend of November 44 Days’ Supply $27,569…
Revised Jan. 14, 2022 – The new-vehicle supply rose to nearly 1 million units at the end of November, a level not seen since early August, according to a Cox Automotive analysis of vAuto Available Inventory data. The average listing…
Following similar dynamics each month this fall including another new record on the average price paid and another low for incentives, new-vehicle affordability declined again in November. November’s affordability decline was caused by all vehicle market factors moving against affordability…
Certified pre-owned (CPO) sales fell to 181,079 units in November. This sales level reflects a 17% month-over-month decrease and a 3% year-over-year decrease. November CPO sales slowed for the second consecutive month, following a strong performance during the first three…
Access to auto credit expanded again in November, according to the Dealertrack Auto Credit Availability Index for all types of auto loans. The All Loans Index increased 0.8% to 101.3 in November, reflecting that auto credit was easier to get in the month compared to October. Access was looser by 6.9% year over year and compared…
