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Despite squeezed supply, the used-vehicle market has been playing a key role in the recovery of the automotive industry.
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Demand is strong and expected to break records in 2022 because CPO fits an important sweet spot in the vehicle market.
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Available inventory is still down 62% behind the same period in 2020. The days' supply as of December remained 48% below Dec. 2020.
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December 2021 numbers show the accumulating effects of supply chain shortages, price inflation, and static media incomes.
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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.
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Fleet sales year to date are also down 42% from the same time in 2019 when 2.8 million vehicles were sold.
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But volume for rental, commercial, and government vehicle purchases is still well below levels seen in the pre-pandemic year of 2019.
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A new ranking index considers regulations and obstacles consumers face state-by-state in purchasing electric vehicles.
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Half of consumers indicated they were suddenly more interested in EVs and 36% were more likely to buy one in the future.
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