Auto Rental News, January 2021

AUTO RENTAL NEWS Fact Book 2021 15 Millions1015202022f2021f2020f201920182017201620152014 SOURCE MANHEIM TOTAL WHOLESALE SUPPLY OFF RENTAL Off rental supply will bottom out in 2021 but will take years to recover to pre pandemic levels of 2018 and 2019 AVERAGE AUCTION PRICE RENTAL RISK UNITS 20162017201820192020DecNovOctSepAugJulJunMayAprMarFebJan 14000 14750 16250 15500 17000 18000 SOURCE MANHEIM Reflecting the Manheim Index average auction prices for rental risk units saw unprecedented growth from April to August followed by a slight cooling Prices will likely stay elevated over historical levels in 2021 with continued supply constraints and strong demand in the post pandemic recovery period AVERAGE MILEAGE RENTAL RISK UNITS SOURCE MANHEIM JanFebMarAprMayJunJulAugSepOctNovDec450004000035000300002500020000201120122009201020082013200003000040000500002003200 20052006200720082009201020112012201320142015Jan 16Jan 17Jan 18Jan 20Jan 1930000400005000060000 Mileage for rental risk units plunged in the first two months of the pandemic as rental fleets were grounded But as business picked up and rental units were sold to take advantage of the hot used car market the mileage on remaining units easily exceeded record highs Average mileage for rental risk units in November was 54200 miles up 11 compared to a year earlier

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