Cox Automotive's Manheim Used Vehicle Value Index rose 1.6% in December compared with November.
Dealertrack data show new and used retail sales modestly gained against 2019 pre-pandemic levels in the final week of the year.
Toyota sold 2.332 million vehicles in the U.S. in 2021, compared to 2.218 million vehicles for General Motors.
It’s easier than ever to get credit, if you can find a vehicle, says Andy Mayers of Cox Automotive.
Full-year 2021 auto sales in the U.S. are forecast by Cox Automotive to finish near 14.9 million units, an increase of approximately 2.5% from 14.5 million in 2020.
So far the omicron variant has not impacted consumer sentiment or economic activity but creates some uncertainty as winter begins.
The most recent Cox Automotive Dealer Sentiment Index indicates that more dealers feel that the automotive market is strong compared to the number who feel that the market is weak.
November’s seasonally adjusted annual rate of sales is forecast to finish near 13.4 million, down 16% from last year when the sales pace was 15.9 million.
The auto industry must meet consumers where they are and be intentional in catering to the right audience with the most relevant content.
The 2021 Cox Automotive Path to EV Adoption Study provides a look at the major consumer barriers that continue to slow EV adoption.
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