Auto Rental News, January 2019
16 Fact Book 2019 AUTO RENTAL NEWS MA R K E T D A T A R EMA R K E T I N G MANHEIM USED VEHICLE VALUE INDEX 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 90 120 150 Millions 2013 2014 2015 New Retail 2016 2017 2018E 2019E 2020E 0 10 20 30 40 50 60 New Fleet Used 132 140 142 141 30 30 29 29 137 136 394 395 395 392 147 147 28 386 26 380 25 367 24 358 SOURCE MANHEIM Just when we thought the Manheim Used Vehicle Value Index couldnt reach new historic highs it did just that October 2018 s Index of 1409 capped an eight month rise to another new record driven in part by overall positive economic factors By segment in the final months of 2018 compact and midsize cars outperformed the overall market based on constricting wholesale supply while utility vehicles and pickups underperformed SOURCE COX AUTOMOTIVE OVERALL SALES OUTLOOK VEHICLE SALES BY YEAR AND TYPE ACTUAL AND FORECAST In 2018 new vehicle sales retail and fleet will come in higher than expected representing only a slight decline from 2017 A larger overall sales drop of 500000 units is expected in 2019 which will moderate in 2020 Short term trade and regulatory uncertainties are mitigating factors against a strong overall economy and consumer confidence Long term changes in how consumers utilize vehicles will affect forecasts for 2020 and beyond
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