Manheim Sees Major Advances in 2021
Manheim's leader looks back on an innovative year and updates the industry on company developments.
Manheim's leader looks back on an innovative year and updates the industry on company developments.
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.
Meanwhile, used supply normalizes, rental risk pricing declines, and auto loan performance deteriorates.
All-new Purchases Page Brings greater speed, simplification and centralization to buying on ADESA.
With two months left in 2021, reaching the revised Cox Automotive CPO sales forecast of 2.7 million units – and possibly matching the 2.8 million record-setting 2019 level – remains within reach.
With the help of industry experts, Automotive Fleet takes a look at the current state of the used-vehicle market and what the near future may hold.
October figures show buyers are much more aggressive in purchasing than is typically the case in the fall. Combined sales into large rental, commercial, and government buyers were down 24% year-over-year in October.
But volume for rental, commercial, and government vehicle purchases is still well below levels seen in the pre-pandemic year of 2019.
Five companies were selected by Newlab and Ford to join them in the new Michigan Central facility to help revolutionize electrification and charging infrastructure — including fleet.
The Pipeline Market Report is the industry's first information tool driven solely by independent auction sale data, encompassing near real time results from 175+ partner operations.
The poll is live for the 2021 Fleet Vehicles of the Year — vote for your favorite car, truck, and/or SUV, share the link, and help contribute to the next Fleet Vehicle of the Year.
Part and labor prices have increased 4-8%, while part and labor availability have decreased. Due to difficulties sourcing replacement vehicles, fleets are keeping units in service longer. This caused repair spend to increase in 2021.
Athene is the lead investor in the new mega company, consolidating two of the most well-known fleet companies in the world.
Supply chain constraints make it difficult to get replacement vehicles leading to extended cycling of those currently in service. This is pushing the envelope of warranty coverage that is exacerbated by a shortage of replacement parts.
As vintage Chevrolet trucks increase in popularity with enthusiasts, more trucks are going up for auction and sale prices for the most coveted trucks keep increasing. As we look back at 100 years of Chevy truck history, here’s a gallery of the nine most expensive Chevrolet trucks sold at Barrett-Jackson auctions to date. Photos courtesy of General Motors.
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