Wholesale Used Vehicle Prices Slowed in December
Cox Automotive's Manheim Used Vehicle Value Index rose 1.6% in December compared with November.
Cox Automotive's Manheim Used Vehicle Value Index rose 1.6% in December compared with November.
Toyota’s new vehicle sales in China reaching a record high of 1.94 million units, up 8.2% from 2020, is attributed to the company’s robust supply chain that weathered away the headwinds caused by the global chip shortages.
New light-vehicle sales totaled 14.93 million units in 2021, up 3.1% from 2020’s 14.47 million. December 2021’s SAAR totaled just 12.44 million units, down 23.7% from December 2020.
The lowest sales recorded in December went to Toyota Motor Corp., Honda Motor Co., Hyundai and Kia, which posted sales drops for the fifth consecutive month.
2021 was a wild ride, but according to Black Book, the final two weeks of the year reported minimal declines in values after a year of record-breaking increases.
Toyota sold 2.332 million vehicles in the U.S. in 2021, compared to 2.218 million vehicles for General Motors.
It’s easier than ever to get credit, if you can find a vehicle, says Andy Mayers of Cox Automotive.
Hyundai Motor Co and affiliate Kia Corp. predict a 12.1% combined global sales jump in 2022, despite 2021 sales falling short of targets.
Dealers are investing in older, used, high-mileage inventory, and they are also retaining vehicles taken on trade which would have previously gone to auction.
Auto suppliers are most concerned about the labor shortage, the relationships with OEMs, price of materials increasing and the increasing number of programs.
Full-year 2021 auto sales in the U.S. are forecast by Cox Automotive to finish near 14.9 million units, an increase of approximately 2.5% from 14.5 million in 2020.
Toyota will make its Toyota Arizona Proving Grounds (TAPG) available to other OEMs and suppliers as it launches the Arizona Mobility Test Center at TAPG.
Record high used car prices will deflate. The question is how fast the bubble will burst.
Japan's factory output skyrocketed in November, as supply chain bottlenecks eased globally.
Winter and Christmas sales events make for a busy end of year for dealers, but the last two weeks of the year are traditionally slow for the auctions and that held true this year.
Kelley Blue Book editors rank and comment on the 10 Best Back-to-School Cars for 2019, all starting at around $20,000 or less and still available on new-car lots.
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