Auto Rental News, January 2021
14 Fact Book 2021 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 JAN 11 JAN 12 JAN 13 JAN 14 JAN 15 JAN 16 JAN 17 JAN 18 JAN 19 JAN 20 JAN 21 100 105 110 115 120 125 130 135 140 145 150 155 160 165 Millions 2015 2016 2017 New Retail 2018 2019 2020F 2021F 2022F 0 10 20 30 40 50 60 New Fleet Used 142 143 137 124 33 19 23 25 129 133 400 361 393 402 142 141 31 394 30 394 31 386 30 380 SOURCE MANHEIM Since its inception in 1995 the Manheim Index had not seen the volatility experienced in 2020 The Index plummeted 16 points from March to April and then within five months soared an astronomical 38 points to a record shattering 1637 points At 1620 by November the Index has only cooled somewhat and is likely to stay elevated throughout 2021 SOURCE COX AUTOMOTIVE OVERALL SALES OUTLOOK VEHICLE SALES BY YEAR AND TYPE ACTUAL AND FORECAST In a year of record volatility vehicle sales were no exception Exiting the pandemic Cox Automotive expects used car sales to exceed pre pandemic levels by 2022 while new retail and fleet sales arent expected to fully rebound until 2022
You must have JavaScript enabled to view digital editions.
