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Where is the UK in the transition to fleet electrification? Automotive Fleet sits down with Phil Nothard of Cox Automotive to find out this, as well as the need to make a strong ecosystem for EVs in this Global Fleet Management Voices episode.
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The average listing price of about $27,000 is running 25% above year-ago levels and 38% over pre-pandemic 2019 levels.
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New-vehicle inventory levels are still 63% lower than a year ago while the average transaction price hit another record.
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With two months left in 2021, reaching the revised Cox Automotive CPO sales forecast of 2.7 million units – and possibly matching the 2.8 million record-setting 2019 level – remains within reach.
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CarNow allows dealers to view and serve shoppers in “real-time” as they engage with a dealer’s virtual or physical showroom.
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Phil Nothard of Cox Automotive International joins Global Fleet Management Voices to discuss how the raw materials shortage is impacting the UK fleet market, positive impacts of decreasing new car sales, and the issue of remarketing vehicles now.
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October figures show buyers are much more aggressive in purchasing than is typically the case in the fall. Combined sales into large rental, commercial, and government buyers were down 24% year-over-year in October.
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But volume for rental, commercial, and government vehicle purchases is still well below levels seen in the pre-pandemic year of 2019.
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But days’ supply climbed to 43 in September, the highest it has been in months, on higher inventory and slower sales.
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The seasonally adjusted annual rate (SAAR) of sales declined to 35.7 million, down from 40.9 million in September 2020.
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