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ALG Projects 17M New Vehicles Sold in 2019

ALG forecasts that 17 million new vehicles will be sold in 2019. This would be a slight decline...

Vehicle manufacturers will sell 17 million new vehicles in 2019, which would represent only a 1.3% decline from a year that recorded a third consecutive year of more than 17 million new vehicles sold, according to Oliver Strauss, chief economist for TrueCar’s ALG.

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Wholesale Vehicle Prices Soften in November

While overall wholesale prices weakened in November, fleet vehicle values increase 4.6%.

Overall average wholesale prices softened in November from a year ago mostly due to 2017 prices that were elevated due to increased demand from hurricanes Harvey and Irma, even though values of former fleet vehicles increased, according to Tom Kontos, KAR Auction Services' chief economist.