Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 3.9% month over month in November. This brought the Manheim Used Vehicle Value Index to 232.5, a 43.5% increase from a year ago. The non-adjusted price increase in November was 1.9% compared to October and 43.8% year over year. Manheim Market Report … Continued
In November, 104,227 fleet units were sold, a 4% month-over-month increase compared to 100,182 in October but a drop of 21% from November 2020. With November in the books, the 2021 year-to-date total of combined large rental, commercial, and government purchases of new vehicles is approximately 1.5 million units, a 1% decrease from this time … Continued
Cox Automotive has been tracking consumer behavior throughout the pandemic to measure how vehicle purchase intenders have been reacting to changing market conditions. With COVID-19 vaccines available for more of the population and boosters rolling out, a fresh round of research was conducted last month. More than half of Americans indicated they are now “not at … Continued
Revised, Dec. 16, 2021 – Used-vehicle inventory edged slightly lower in October as the average listing price kept climbing, now just shy of $27,000, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.25M Total UnsoldUsed Vehiclesend of October 41 Days’ Supply $26,976 Average Listing Price 68,193 Average Mileage The total supply of unsold … Continued
Service centers at U.S. franchised dealerships were generally busier in October than in September, according to the latest analysis of Xtime metrics. Both the Repair Order Volume Index and Repair Order Revenue Index increased in October versus September, although the repair order volume continues to be below pre-pandemic levels. Revenue per repair reached a record … Continued
Revised Dec. 15, 2021 – Still low by historical standards, new-vehicle supply closed higher at the end of October than a month earlier, while the average listing price hit another record high, closing in on $45,000, according to a Cox Automotive analysis of vAuto Available Inventory data. 920,959 Total Inventoryas of Oct. 25, 2021 31 … Continued
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 4.9% in the first 15 days of November compared to the month of October. This brought the Manheim Used Vehicle Value Index to 234.8, a 44.9% increase from November 2020. As was the case in October, some of the monthly increase is … Continued
With market dynamics leading to record prices and at least a two-decade-low for incentives, new-vehicle affordability declined again in October. October’s affordability decline was worsened by a decline in median income, which is a product of fading government support. The number of median weeks of income needed to purchase the average new vehicle in October … Continued
Certified pre-owned (CPO) sales reached 216,957 units in October. This sales level reflects a 5% month-over-month decrease and a 7% year-over-year decrease. Despite a slowing sales pace, CPO continues its strong performance in October as an important part of the used-vehicle market recovery. CPO SALES With 2,380,337 units sold through October, year-to-date CPO sales are up … Continued
Access to auto credit expanded again in October, according to the Dealertrack Auto Credit Availability Index for all types of auto loans. The All Loans Index increased 1.6% to 100.5 in October, reflecting that auto credit was easier to get in the month compared to September. Access was looser by 6.8% year over year and … Continued
