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 Manheim’s goals for 2022. Huang and Auto Remarketing editor Joe Overby discuss digital wholesale, electrification … Continued
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 insights. Download this week’s presentation.
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 and complex as the auto industry, what’s normal anymore? In 2020, we had the onset … Continued
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 increased month after month in 2021, according to an analysis from our Kelley Blue Book … Continued
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 on top is noteworthy. In all, we expect 2021 to finish near 15 million units, … Continued
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 talk about the effects on the auto auction industry.
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 insights. Download this week’s presentation.
Service centers at U.S. franchised dealerships were less busy in November than in October, according to the latest analysis of Xtime metrics. The Repair Order Volume Index decreased in November while the Repair Order Revenue Index increased slightly in November versus October. Repair order volume remains well below pre-pandemic levels, but revenue per repair set … Continued
New daily COVID-19 cases increased week over week as cases remain elevated about where they have been for the last two weeks. The impact of the omicron variant in the U.S. has been limited so far. Jobless claims continue to decline to more normal levels as the job market heals. Consumer sentiment has improved slightly … Continued
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 3.1% in the first 15 days of December compared to the month of November. This brought the Manheim Used Vehicle Value Index to 239.8, a 48.9% increase from December 2020. As was the case in October and November, much of the monthly … Continued
