Nov. 6-8, 2024
San Diego, CA

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automotive supply chain

September Sales Forecast To Be Up YOY Despite Setbacks

Sales in Q3 are expected to surpass 3.9 million, a jump of more than 15% from the same timeframe one year ago.

How Will UAW Strike Affect New, Used, and Rental Vehicles?

Analysis: The actions of the UAW will reverberate through the larger auto business, but nowhere near what was experienced in April 2020. Sales into fleet could suffer in 4Q if a strike is wide and persists. Rental car companies may return to the used car market like they did in 2021 and 2022, driving prices higher.

Ongoing Vehicle Sourcing Constraints Aggravated by Higher Fleet Costs

Difficulty sourcing replacement units continues to be an ongoing pain point. Likewise fleet costs are up. Compared to CY-2020 vehicle acquisitions costs are approximately 19% higher while maintenance and fuel increased 25-40%.

New Car Sales Escalating Around the Globe

Rising new-car sales in Europe and Australia appear to indicate the automotive industry is recovering supply shortages caused by the COVID pandemic.

Wholesale Used-Vehicle Prices Slide in First Half of June

All major market vehicle segments saw seasonally adjusted prices that were lower year over year in the first half of June.

New Vehicle Supply Hits Two Year-High

Days' supply increased due to a slight weakening in sales toward month-end. Despite a decline in the average listing price, it remained above $47,000.