Record April sales significantly depleted the inventory of new vehicles for the usually booming month of May, a situation exacerbated by production disruptions caused by the global computer chip shortage, according to a Cox Automotive analysis of the vAuto Available…
Honda Motor in Japan reported earnings for its full fiscal year and the quarter that ended March 31, 2021. In the U.S., one of its most important markets, American Honda, which includes the Honda and Acura brands, significantly improved sales…
Coming down from a record-breaking month in March, the certified pre-owned (CPO) market still performed well with 259,242 CPO units sold in April, a 9% month-over-month decrease but a 104% year-over-year increase. CPO sales in April 2021 outperformed the same…
Toyota Motor reports financial results for Q4 FY 2020, the January-to-March 2021 quarter, on Wednesday, May 12, the fourth quarter of its fiscal year that ended March 31, 2021. In the U.S., one of its most important markets, Toyota far…
Nissan Motor Co. in Japan reported financial results on Tuesday, May 11, for the quarter and fiscal year that ended March 31. Nissan is one year into its four-year turnaround plan announced last spring. Success in the U.S. is the…
Access to auto credit increased again in April, and auto loan credit was the most accessible since April 2020, according to the Dealertrack Auto Credit Availability Index for all types of auto loans. The All Loans Index increased 0.4% to 98.4 in April, reflecting that auto credit was easier to get in the month compared to March. Access is tighter by 2.4% year over year, but that comparison is…
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 8.30% month over month in April. This brought the Manheim Used Vehicle Value Index to 194.0, a 54.3% increase from a year ago and a record high…
You’ve likely seen with your own eyes the havoc being wreaked in the auto industry by the global microchip shortage. Drive through Dearborn, Michigan, home of Ford Motor Company and the company’s Dearborn Truck Plant, and it’s hard to miss:…
In April, 148,118 total fleet units were sold, a 19% month-over-month drop compared to 183,042 in March but a 106% increase from April 2020 which recorded 72,084 units. This brings the 2021 year-to-date total combined large rental, commercial, and government…
Stellantis, now the world’s fourth-largest auto company by sales volume, will report its first-quarter 2021 financial results Wednesday, May 5. It will be the first quarterly financial results from the company formed officially early in the quarter by the merger…
