Certified pre-owned (CPO) sales reached 248,749 units in July, reflecting a 4% month-over-month increase and a 2% year-over-year decrease when relatively strong July 2020 CPO sales were part of the used-vehicle market recovery. A much more relevant comparison is to…
After slumping to historic lows a month ago, new-vehicle inventory, based on days of supply, showed signs of stabilizing as the U.S. industry entered August, according to a Cox Automotive analysis of vAuto Available Inventory data. Still, overall inventory remains…
Access to auto credit was little changed in July after two months of modest moves according to the Dealertrack Auto Credit Availability Index for all types of auto loans. The All Loans Index increased 0.1% to 98.1 in July, reflecting that auto credit was slightly easier to get in the month compared to…
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 2.6% month-over-month in July. This brought the Manheim Used Vehicle Value Index to 195.2, a 23.6% increase from a year ago. Manheim Market Report (MMR) prices saw…
In July, 115,976 total fleet units were sold, a 16% month-over-month decrease compared to 138,801 in June but an 11% increase from July 2020 which recorded 104,769 units. This brings the 2021 year-to-date total combined large rental, commercial, and government…
Toyota in Japan reported its financial results for the April-to-June quarter Thursday, Aug. 5. The quarter is Toyota’s first in its fiscal year that ends March 31, 2022. The U.S. headline in the quarter was that Toyota beat General Motors…
General Motors reports second-quarter 2021 financial results on the morning of Wednesday, Aug. 4. GM was forced to cut production due to the global computer chip shortage in the quarter. Its GMC and Chevrolet divisions had among the industry’s skimpiest…
Honda Motor Co. in Japan reports its financial results for the April-to-June quarter Wednesday, Aug. 4. The quarter is Honda’s first in its fiscal year that ends March 31, 2022. In the U.S., American Honda, which includes the Honda and…
Stellantis reports second-quarter 2021 financial results Tuesday, Aug. 3. Formed by the merger of Fiat Chrysler and PSA (Peugeot) Group early this year, Stellantis posted higher U.S. sales in the quarter, though its increase was less than the overall market.…
In this summer of low incentives, consumers are facing record-high vehicle prices. Inventories are low and many vehicles are being sold at or above the manufacturer’s suggested retail price (MSRP). While interest rates remain favorable and help the bottom line…
