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…
New-vehicle sales are off to a slow start in 2019, down 2% in Q1. It would have been worse without strong fleet sales. Retail sales were down 4% in the first three months of 2019. Fleet was up 6%. The…
Affordability pressures generally benefit the used market and strengthen demand as a result of buyers being priced out of the new market. New-vehicle prices are at record highs and interest rates are at 8-year highs. Perhaps this is one of…
The first-quarter of 2019 came to a close last week, with new-vehicle sales in March coming in slightly stronger than anticipated as the quarter closed. Still, sales in Q1 2019 were down 2.7% versus year-ago levels. Had it not been for…
Like the used market, the new-vehicle market showed weakness in March. March new-vehicle sales were down 2.2% year-over-year, with one less selling day compared to March 2018. However, the March 2019 SAAR came in at 17.5 million, improving versus last…
One of the most intriguing trends for the year is what has happened and is happening with interest rates. At the end of last year, the Fed remained hawkish and very resolute about pushing rates higher in 2019. After a…
The wholesale market plays a central role in facilitating the flow of used vehicle inventory. Like 2018, this year is poised to be a great year for offsite digital volume growth. That does not mean traditional auction volume will collapse,…
The already struggling Chevrolet Bolt electric car got another jolt this week when the federal tax break on it was reduced. Beginning April 1, the once $7,500 federal tax break for purchasing an electric vehicle began winding down for General…
You can visualize the relentless rise of new-vehicle prices in the U.S. market in many ways. Average transaction price – ATP – is a common measure, showing the amount consumers pay for a vehicle, including all rebates and incentives. Or…
In the last 10 years, most non-luxury brands have benefited from the explosive growth in SUVs. Brands such as Subaru and Kia have seen massive increases in their overall sales, while Dodge saw negative growth in car sales and comparatively…
