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 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 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 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…
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…
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…
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…
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,…
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)…
Combined rental, commercial and government purchases of new vehicles were down 10.8% year over year in October. Total fleet volume in October was 182,209, compared to 204,373 in October of 2018. The commercial fleet channel was the bright spot, with sales…
