CBT News, August 6, 2021 – On today’s show, Jim Fitzpatrick is pleased to welcome Jonathan Smoke, Chief Economist for Cox Automotive. He discusses the Manheim Used Vehicle Value Index and the used-vehicle market. The Manheim index tracks what’s selling at Manheim.…
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 2.6% month-over-month in July. This brought the Manheim Used Vehicle Value Index to 195.2, a 23.6% increase from a year ago. Manheim Market Report (MMR) prices saw…
In July, 115,976 total fleet units were sold, a 16% month-over-month decrease compared to 138,801 in June but an 11% increase from July 2020 which recorded 104,769 units. This brings the 2021 year-to-date total combined large rental, commercial, and government…
Toyota in Japan reported its financial results for the April-to-June quarter Thursday, Aug. 5. The quarter is Toyota’s first in its fiscal year that ends March 31, 2022. The U.S. headline in the quarter was that Toyota beat General Motors…
General Motors reports second-quarter 2021 financial results on the morning of Wednesday, Aug. 4. GM was forced to cut production due to the global computer chip shortage in the quarter. Its GMC and Chevrolet divisions had among the industry’s skimpiest…
Honda Motor Co. in Japan reports its financial results for the April-to-June quarter Wednesday, Aug. 4. The quarter is Honda’s first in its fiscal year that ends March 31, 2022. In the U.S., American Honda, which includes the Honda and…
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…
Stellantis reports second-quarter 2021 financial results Tuesday, Aug. 3. Formed by the merger of Fiat Chrysler and PSA (Peugeot) Group early this year, Stellantis posted higher U.S. sales in the quarter, though its increase was less than the overall market.…
The growth trend in new daily COVID-19 cases continued last week. Consumer sentiment declined in July, but measures of consumer attitudes in July showed conflicting trends. Consumer spending improved in June even as government transfer payments declined. Inflation in June…
In this summer of low incentives, consumers are facing record-high vehicle prices. Inventories are low and many vehicles are being sold at or above the manufacturer’s suggested retail price (MSRP). While interest rates remain favorable and help the bottom line…
