New Electrified Vehicle Sales Hit Record in Q4 2021
Sales of pure battery-electric vehicles jumped 72% to a record 147,799, the best quarter ever for EVs.
Sales of pure battery-electric vehicles jumped 72% to a record 147,799, the best quarter ever for EVs.
The Cox Automotive Insights team looks at key industry trends ahead that overall point to a healthy year.
Analysis: A big drop of 20% to 30%, as one report suggests, is highly unlikely. History tells us a decline of more than 10% is rare indeed.
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.
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