Average Used Vehicle List Price Tops Record $28,000
Available vehicle inventory inched higher, edging closer to normal. Key stats: 2.38 million unsold vehicles, 51 days' supply, 69,737 average mileage.
Available vehicle inventory inched higher, edging closer to normal. Key stats: 2.38 million unsold vehicles, 51 days' supply, 69,737 average mileage.
The average price paid for a new non-luxury vehicle in December 2021 was $43,072, slightly down from the record high set in November but still $900+ over sticker.
The grandson of the founder of the St. Louis Auto Auction starts a new business adhering to the values that have endured for decades.
The new company will be known as NewALD and will give the business extensive global reach with a total of 3.5 million vehicles under fleet management.
Combined sales into large rental, commercial, and government buyers were down 32% year over year in December and down 4% full-year 2021 versus 2020.
Manheim Forecast: Tax refunds and a supply-constrained market will likely lead to another round of price increases in the first half of 2022
Fleet sales year to date are also down 42% from the same time in 2019 when 2.8 million vehicles were sold.
The combined auction companies will have 39 locations across 19 states, making it a new powerhouse in the remarketing industry.
The portal enhancements eliminate delays and downtime for customers who want instant, reliable access to transport and real-time updates on the status and location of their vehicles.
IARA 20th Anniversary Issue: While the marketing, social media, and press/PR committees focus on specific roles and functions, their results all overlap toward the wide-reaching goal of spreading the consignors' voice.
During the first 15 days of December, the Manheim Used Vehicle Value Index hit 239.8, a 49% increase from December 2020.
IARA 20th Anniversary Issue: The purpose of the annual awards is to encourage and publicize excellence among remarketing professionals while setting examples for others to follow.
Available inventory edged slightly higher but remain below normal.
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