Honda Motor in Japan reported earnings for its full fiscal year and the quarter that ended March 31, 2021. In the U.S., one of its most important markets, American Honda, which includes the Honda and Acura brands, significantly improved sales in the quarter, reduced incentives and gained in pricing. Here are data for the quarter … Continued
Record April sales significantly depleted the inventory of new vehicles for the usually booming month of May, a situation exacerbated by production disruptions caused by the global computer chip shortage, according to a Cox Automotive analysis of the vAuto Available Inventory data. 2.24M Total Inventory 44 Days’ Supply Average Listing Price The total U.S. supply … Continued
Coming down from a record-breaking month in March, the certified pre-owned (CPO) market still performed well with 259,242 CPO units sold in April, a 9% month-over-month decrease but a 104% year-over-year increase. CPO sales in April 2021 outperformed the same month in 2019 by 25,702 units. Year-to-date CPO sales are up 29% versus the same … Continued
Toyota Motor reports financial results for Q4 FY 2020, the January-to-March 2021 quarter, on Wednesday, May 12, the fourth quarter of its fiscal year that ended March 31, 2021. In the U.S., one of its most important markets, Toyota far outpaced the overall market in sales for the quarter, pushing market share higher. Lexus outpaced … Continued
Tesla made a stunning comeback by nearly every measure in the Kelley Blue Book Brand Watch™ report for luxury vehicles for the first quarter of 2021. The Kelley Blue Book Brand Watch report is a consumer perception survey that also weaves in consumer shopping behavior to determine how a brand or model stacks up with … Continued
Nissan Motor Co. in Japan reported financial results on Tuesday, May 11, for the quarter and fiscal year that ended March 31. Nissan is one year into its four-year turnaround plan announced last spring. Success in the U.S. is the centerpiece of that plan. The following data from Cox Automotive on Nissan’s quarterly market performance … Continued
Access to auto credit increased again in April, and auto loan credit was the most accessible since April 2020, according to the Dealertrack Auto Credit Availability Index for all types of auto loans. The All Loans Index increased 0.4% to 98.4 in April, reflecting that auto credit was easier to get in the month compared to March. Access is tighter by 2.4% year over year, but that comparison is against abnormal credit conditions in April 2020. Compared to February 2020, access is tighter by 0.7%. Trends … Continued
The trend in new daily COVID-19 cases declined again last week, but the vaccination pace slowed as well. In terms of the economy, the jobs recovery lost momentum, but vehicle sales soared. The vehicle market improved upon March’s incredible performance with even tighter supply. New and used retail sales beat the April 2019 performance. Used-vehicle … Continued
You’ve likely seen with your own eyes the havoc being wreaked in the auto industry by the global microchip shortage. Drive through Dearborn, Michigan, home of Ford Motor Company and the company’s Dearborn Truck Plant, and it’s hard to miss: New Ford F-150 pickup trucks – the best-selling vehicle in America – are packed into … Continued
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 8.30% month over month in April. This brought the Manheim Used Vehicle Value Index to 194.0, a 54.3% increase from a year ago and a record high for the Index. Manheim Market Report (MMR) prices saw weekly price increases in April that … Continued