Sales of certified pre-owned (CPO) vehicles increased 1% in May compared to May 2018 and were up 8% compared to April. For the month, 251,863 CPO units were sold. This brings the total CPO sales for 2019 to 1,162,441 units. This year CPO sales are up 2% versus 2018, growing at a comfortable pace above 2018’s … Continued
New vehicles have enjoyed tremendous gains in fuel economy over the past decade. It’s worth noting the significant improvements as the U.S. House of Representatives Energy and Commerce Committee prepare for a June 20 hearing on the Trump administration’s proposal to freeze fuel efficiency standards at 2020 levels through 2026. Since 2007, the sport-utility vehicle … Continued
Automakers and their dealers entered June with inventories of unsold vehicles falling from the 10-year-high levels of recent months, thanks to improved May sales. May inventories dipped below 4 million units for the first time in four months, according to Autodata/Motor Intelligence. That pushed the days’ supply for all new unsold vehicles to 64 days, … Continued
May 2019 auto sales were reported last week, and the numbers came in stronger than initial forecasts, but down slightly from year-ago levels. Big fleet sales helped the total, but the retail side of the market remains soft. Our data team at Kelley Blue Book has had a chance to comb through the numbers. Here … Continued
May’s sales performance is a repeat of something we saw throughout the first quarter – fleet up, retail down. A total of 311,308 fleet units were sold, up 29% from April’s 240,898 units sold. Combined rental, commercial and government purchases of new vehicles were up 11% year-over-year in May, and up 29% month over month. … Continued
Tesla’s stock price slumped to its lowest level since December 2016 Monday, falling below $200 during active trading, after another analyst issued a scathing report on the electric automaker’s problems and cut the price target for the stock after heavy Wall Street selling last week. Some worry demand for Tesla vehicles, notably the popular Model … Continued
Sales of certified pre-owned vehicles increased 6% year-over-year in April. For the month, 233,540 CPO units were sold. This brings the total CPO sales for 2019 to 910,578 units, up 2% year-to-date versus the same period last year.This growth in CPO is in stark contrast to the weakness we continue to see with retail new-vehicle sales, … Continued
New-vehicle retail sales were down 2% in April, leading to a retail seasonally-adjusted annual rate of 13.5 million units, down from 14.1 million last April. The affordability issue is likely to impact the retail side of the market more than the fleet side which will support gains in fleet share over the course of the year. … Continued
The books on April automotive sales in the U.S. were closed by most automakers on Wednesday, May 1. Since then, our team of analysts and experts have been combing through it all. They look at the mainstream makers, not the niche players such as Ferrari and Bentley, and sort as much data as they can. … Continued
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 1.81% month-over-month in April. This brought the Manheim Used Vehicle Value Index to 138.4, a 4.5% increase from a year ago. On a year-over-year basis, most major market segments saw seasonally adjusted price gains in April. Midsize cars and pickups outperformed the overall … Continued
