The COVID-19 pandemic is still plaguing the light vehicle market, but May’s sales pace is still expected to be a giant step forward on the path to recovery.
Edmunds is forecasting 1,392,434 new vehicles sales through September, representing a 5.4% decline from March and an 8.3% decline from the same time last year.
Depreciation, new vehicle prices, and residual value all affect businesses with mobile workforces – here’s what to expect.
The fuel economy of new cars and trucks in the U.S. for model-year 2016 was 24.7 miles per gallon, 0.1 mpg higher than MY-2015, which is a record high.
The average fuel economy of new vehicles sold in the U.S. in December fell to 25 mpg — down 0.2 mpg from a revised November value, according to Brandon Schoettle and Michael Sivak, researchers from the University of Michigan's Transportation Research Institute (UMTRI).
New-vehicle sales through the first six months of 2017 are expected to be down 2.3%, and high quality off-lease vehicles may be part of the reason why, according to Kelley Blue Book.
New light-vehicle sales, including fleet, will increase by approximately 8% year-over-year, to reach a total of 1.66 million units in March. Additionally, the SUV and crossover segment experienced an estimated 23.1% growth for 2016, according to Kelley Blue Book.
The University of Michigan’s Transportation Research Institute has shown a drop in average sales-weighted miles per gallon for the month of November.
Strong new-car sales shouldn't hurt newer model-year fleet vehicles with comparable mileage at remarketing auctions, according to one of the industry's top remarketing analysts.
Nissan stated it expects to hit a global sales milestone of 200,000 units of its NV200 light-duty commercial van by the end of 2013. As of July, the company had sold 1,577 vans in the U.S.