Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 1.3% month over month in June. This brought the Manheim Used Vehicle Value Index to 200.4, a 34.3% increase from a year ago. Manheim Market Report (MMR) prices saw weekly increases in the first two full weeks of June, but the remaining … Continued
In June, 138,801 total fleet units were sold, an 18% month-over-month decrease compared to 168,166 in May but a 63% increase from June 2020, which recorded 85,104 units. This brings the first-half total combined large rental, commercial, and government purchases of new vehicles to 969,751. First-half fleet sales increased 5% over this time in 2020 but … Continued
With an Independence Day holiday fast approaching, industry observers might rightly expect a new round of special, can’t-pass-up Fourth of July incentives at dealerships across the U.S. But according to an analysis of June program data by the Cox Automotive Rates & Incentives team, consumer cash – the guaranteed cash-back money that any buyer qualifies … Continued
The headline for June is hard to miss: Used-Vehicle List Prices Hit an All-Time High. The record, however, was mostly expected, as used-vehicle values at the wholesale level were climbing relentlessly through the spring and, ultimately, drove higher retail prices. The price jump this spring was created by a number of factors, including government stimulus putting more … Continued
Used-vehicle inventory levels moderated through May as the spring sales bounce subsided, according to a Cox Automotive analysis of vAuto Available Inventory data. However, used-vehicle prices did not follow suit and instead set new record highs for the start of June. 2.38M Total UnsoldUsed Vehiclesend of May 38 Days’ Supply $24,414 Average Listing Price 67,458 … Continued
The average new-vehicle transaction price (ATP) in May 2021 increased 5.4% year over year and reached $41,263, according to an analysis by our Kelley Blue Book team. The ATP in May 2021 was an all-time record for the month and the 3rd highest ever, following December 2020 ($41,335) and February 2021 ($41,333). Prices increased 1.2%, or … Continued
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.29% in the first 15 days of June compared to the month of May. This brought the mid-month Manheim Used Vehicle Value Index to 203.6, a 36.4% increase from June 2020. Manheim Market Report (MMR) prices continued to increase but at a … Continued
With extremely strong vehicle demand this spring resulting in ever-tightening supply, new-vehicle affordability would have had challenges with higher prices and lower incentives. Adding in the effect of waning stimulus support, affordability declined again in May and reached challenging levels last seen in December 2013. The number of median weeks of income needed to purchase … Continued
The certified pre-owned (CPO) market performed well with 268,452 CPO units sold in May, a 4% month-over-month increase and a 13% year-over-year increase. CPO sales in May 2021 outperformed the same month in 2019 by 16,589 units. With 1,224,522 CPO units sold through May, CPO sales are up 25% versus the same time in 2020 … Continued
The auto industry entered June with historically low inventories of unsold new vehicles due to continued strong sales and further production disruptions caused mostly by the global computer chip shortage, according to a Cox Automotive analysis of the vAuto Available Inventory data. 1.78 Total Inventory 35 Days’ Supply $40,566 Average Listing Price The total U.S. … Continued
