Wholesale used-vehicle prices (on a mix-, mileage- and seasonally adjusted basis) declined 1.0% in April from March. The Manheim Used Vehicle Value Index declined to 221.2, which was up 14.0% from a year ago. The non-adjusted price change in April was an increase of 2.9% compared to March, leaving the unadjusted average price up 16.4% … Continued
Sales into large fleets, not including sales into dealer and manufacturer fleets, decreased 12% month over month in April to 154,654 units, according to an early estimate from Cox Automotive. APRIL 2022 FLEET SALES Combined sales into large rental, commercial, and government fleets increased 4% from April 2021. Sales into commercial fleets in April saw … Continued
The Fed delivered on expectations today by raising the target rate for the Federal Funds Rate by half of a percentage point and announcing the plan to start reducing its balance sheet starting on June 1. The increase in the target rate was the largest in 22 years. The policy decision by the Fed Open … Continued
Stellantis posts first-quarter 2022 financial results before the U.S. stock market opens on Thursday, May 5. In its important U.S. market, Stellantis sales fell less than the overall market because it had more inventory than many competitors. The high-volume, most profitable brands – Jeep and Ram – significantly outperformed in sales. At the same time, … Continued
Real GDP declined in the first quarter but mainly because of net exports and declining inventories. Consumer spending remained robust. Consumer spending in March, in fact, accelerated and even showed growth on an inflation-adjusted basis over February and last year. Incomes are also growing at a healthy pace supported by every factor but unemployment benefits. … Continued
A day after celebrating the launch of the all-electric F-150 Lightning, the most important new product from Ford in a lifetime according to Chairman Bill Ford, the company is scheduled to post first-quarter 2022 financial results. The numbers will be released after the stock market closes on Wednesday, April 27. Supply-chain disruptions slowed Ford’s vehicle … 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.
General Motors posts first-quarter 2022 financial results after the stock market closes on Tuesday, April 26. The quarter was challenging, marked by supply-chain disruptions, production cuts, and low inventories. On the positive side, GM in the U.S. slashed costly incentives and boosted sales of many of its profit-rich trucks and SUVs. Here are some data … Continued
More than a dozen automakers are introducing electrified pickup trucks – full EVs or hybrids – over the next couple of years. One of those is Ford, which will be celebrating the delivery of the electric F-150 Lightning to its first customers on Tuesday, April 26. With so many electrified pickup trucks hitting the market, … Continued
The job market continues to be one of the strongest parts of the economy as continuing jobless claims keep falling and are far lower than they were before the pandemic began. New construction continues to be strong, with growth in multi-family, which is sorely needed, driving permits and starts higher in March. Existing home sales … Continued