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
New-vehicle prices jumped up for a seventh straight month and hit another all-time high in October 2021, surpassing $46,000 for the first time, according to a new report from Kelley Blue Book. At $46,036, the average transaction price (ATP) for a new vehicle was up 12.9% (or $5,266) from one year ago in October 2020 … Continued
Nissan reports quarterly financial results on Tuesday, November 9. It marks the second quarter – the halfway point – of Nissan’s fiscal year that ends March 31, 2022. The global computer chip shortage forced Nissan to cut production, with some of its U.S. plants closed for several weeks. Its U.S. sales didn’t suffer as much … Continued
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 9.2% month over month in October. This brought the Manheim Used Vehicle Value Index to 223.7, a 38.1% increase from a year ago. Some of the monthly increase is a result of the seasonal adjustment, as October typically sees above-average vehicle depreciation … Continued
In October, 100,182 total fleet units were sold, a 2% month-over-month increase compared to 98,415 in September and a 24% decrease from October 2020, which recorded 132,560 units. This brings the 2021 year-to-date total combined large rental, commercial, and government purchases of new vehicles to 1.39 million units, a 1% increase from this time in … Continued
Honda reports quarterly financial results on Friday, November 5. The July-to-September period marks the second quarter of Honda’s fiscal year that ends March 31, 2022. In the U.S., Honda struggled with production cuts and low inventories throughout the quarter due to the global computer chip crisis. The Honda brand ranked at the bottom among automakers … Continued
Toyota’s financial results for the recently ended quarter will be posted on Friday, November 5. The July-to-September period marks the second quarter of Toyota’s fiscal year that ends March 31, 2022. Toyota has weathered the chip shortage better than most. In August, the automaker announced it would reduce its global production plans for September and … Continued
Stellantis reports third-quarter 2021 financial results on the morning of Thursday, October 28. The earnings of the company formed early this year with the combination of PSA Group (Peugeot) and Fiat Chrysler will reflect the impact of the global computer chip shortage. In Europe, where Stellantis is headquartered, the automaker was forced to make many … Continued
General Motors reports third-quarter 2021 financial results on the morning of Wednesday, October 27. The results will reflect GM’s production and inventory challenges due to the global computer chip shortage that cut into sales. In the U.S., which accounts for the bulk of GM’s revenue and profits, sales plunged by a third during the third … Continued
