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December CPO Sales End Year at Record Level

Sales of certified pre-owned (CPO) vehicles increased 5% year over year in December. For the month, 235,921 CPO units were sold, down 1% month over month compared to November, which set another CPO sales record for the year.  2019 ended the…

Average Days in Inventory for Used Vehicles Up Slightly for the Year

It is important to look at average days in inventory for retail used vehicles because as used retail inventory ages, dealers begin to slow wholesale purchases. We took a look back at used-vehicle inventory levels over the past three years. 2019…

New-vehicle Inventories Under 4 million Units for Eighth Consecutive Month

New-vehicle inventories came in under 4 million units for the eighth consecutive month, ending the year at their lowest levels since September 2015. Days’ supply for December was 56, down 4 days year over year and down 10 days from…

Fleet Volume Continues to Cool Off in December

Fleet was the driver of strength in the new-vehicle market for 2019 but continued to cool off in December. Combined rental, commercial, and government purchases of new vehicles were down 0.7% year over year in December. Commercial fleet sales were the…

Wholesale Prices Rebound To End The Year

Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 1.54% month over month in December. This brought the Manheim Used Vehicle Value Index to 141.1, a 2.5% increase from a year ago. Following a normalizing trend…

10 Takeaways from U.S. Auto Sales in November

New-vehicle sales were strong in November – strong enough to all but guarantee a full-year sales total for 2019 in the 17-million neighborhood, the fifth year in a row we’ve pushed sales above the magic 17 million mark. We’re in a…

Inventory Declines Continue after Strong November Sales

The number of new vehicles in inventory at the start of December declined after a strong November sales month. New-vehicle inventory for November came in at 3.6 million units, slightly lower than October. It was the seventh consecutive month that…

Fleet Sales Continue to Cool Off, Still Up for the Year

Strong fleet sales have supported the new-vehicle market this year, but growth is slowing down. Combined rental, commercial and government purchases of new vehicles were down 9.3% year over year in November. Total fleet volume in November was 184,793, compared…

CPO Sales Regain Momentum in October, Cruise Toward Another Record

Sales of certified pre-owned (CPO) vehicles increased 8% year over year in October and were up 12% month over month compared to September. For the month, 230,346 CPO units were sold. This year CPO sales are up 2.9% versus 2018,…

10 Takeaways from U.S. Auto Sales in October

We’ve combed through October auto sales results in the U.S., looked at retail, fleet, CPO and the individual brands. We know the headlines, as you do as well: Sales were slower than expected and the seasonally adjusted annual rate (SAAR)…