Share of car sales in the new-vehicle market came in at 28.8 percent in November – the lowest monthly level in U.S. automotive history. The previous low was set in August 2018 at 29.7 percent. “The market continues to abandon cars, with no end in sight,” said Karl Brauer, executive publisher, Autotrader and Kelley … Continued
Average transaction prices for new vehicles are up with light trucks seeing the strongest growth. New-vehicle prices increased by $769 (up 2.1 percent) from November 2017, while remaining flat (down 0.1 percent) from last month. “There were mixed average transaction price results among automakers in November 2018, even though the industry average did rise 2 … Continued
Incentives as a % of Average Transaction Price (new vehicles) trending down. Retail sales are down less than 1% YTD – OEMs are taking advantage of strength to lessen discounting and slow down the growth in incentives.
According to Manheim, wholesale used vehicle prices increased 0.14 percent month over month in September. This brought the Manheim Used Vehicle Value Index to 139.9, which was a 3.7 percent increase from a year ago and a new record high for the Index.
Absolute volumes peaked in 2017; growth remains limited to offsite online channels and growth in off-lease.
