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.
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.
Stellantis is merging its two operational leasing companies to become a leading multi-brand lessor in Europe, while also streamlining its captive finance arms.
Martin Sander will also serve as chair of the management board of Ford-Werke GmbH (Ford of Germany), effective June 1.
Representing the interests of fleet operators in the UK, Paul and his team are uniquely placed to understand the key issues rising up the fleet agenda for 2022.
Vehicles from the VW Group are the most in demand. With more than 150% growth in the past year for the Group, the Audi Q4 e-tron knocked the Tesla Model 3 from top spot.
The combined auction companies will have 39 locations across 19 states, making it a new powerhouse in the remarketing industry.
The Plug-in Car Grant is reduced by £1,000 to a maximum of £1,500. Only vehicles that cost less than £32,000 (previously £35,000) are eligible. The changes became effective Dec. 15, 2021, which means that any unordered vehicles are not eligible for the higher grant.
With record-high prices, low incentives, and a higher interest rate, the estimated typical monthly payment increased to a new record high at $687, which was up 20.7% year over year.
Can the European car market recover in 2022? How will electrification continue, and which trends will determine market dynamics? In this report from Dataforce, several experts weigh in on the new year's prospects.
Wholesale prices appear to have peaked the week before Thanksgiving as weekly prices have declined slightly in each of the last two weeks. But retail prices continue to increase.
The chair of the Association of Fleet Professionals (AFP), a UK-based organization representing the interests of fleet managers, believes fleets should skip plug-in hybrid models on fleet policies and focus on pure electric models.
The average listing price of about $27,000 is running 25% above year-ago levels and 38% over pre-pandemic 2019 levels.
New-vehicle inventory levels are still 63% lower than a year ago while the average transaction price hit another record.
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