The December job report was mixed as it similarly was in November. Again, job creation was disappointing with just 199,000 new jobs, but the unemployment rate fell to 3.9% with some growth in the labor force. Tight labor supply is…
ATLANTA, Jan. 7, 2022 – Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 1.6% month over month in December. This brought the Manheim Used Vehicle Value Index to a record high of 236.2, a 46.6%…
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 1.6% month over month in December. This brought the Manheim Used Vehicle Value Index to 236.2, a 46.6% increase from a year ago. The non-adjusted price change…
In December, 113,195 fleet units were sold, a 9% month-over-month increase compared to 104,227 in November but a drop of 32% from December 2020. With December in the books, the 2021 year-to-date total of combined large rental, commercial, and government…
Auto Remarketing Podcast, Jan. 4, 2022 – In the first episode of the Auto Remarketing Podcast of 2022, Manheim president Grace Huang joins the show to look back at the big themes in the auction industry from 2021, while also outlining…
The video below is part of a biweekly Auto Market Report series focusing on data and insights that provide a holistic view of the auto industry. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable…
Inventory. Pricing. Microchips. Used-vehicle values. This past year had plenty of headlines – hot topics that shifted the industry dynamic. But arguably, maybe 2021 was not so different than any year for our car business. In an industry as large…
A general shortage of new-vehicle inventory has been the auto industry’s leading story of 2021. Tight inventory shifted the dynamics, turning the buyer’s market of 2019 into an unprecedented seller’s market in 2021. Average transaction prices (ATPs) for new vehicles…
UPDATED, Jan. 4, 2022 – Toyota beating General Motors in 2021 is a significant event and will be the dominant headline of 2021 sales reporting. General Motors had been the No. 1, top-selling automaker in the U.S. for generations, so Toyota…
Tha Auction Advocate, Dec. 20, 2021 – In part two of a podcast series on supply chain issues and the auction industry, Kevin Chartier from Manheim sits down with National Auctioneers Association Director of Marketing & Communications Erin Shipps to…
