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The average listing price at the end of April was $28,365, surpassing the $28,000 mark for the first time since December 2021.
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At the end of March, the average listing price was $27,246, off record levels in December when it surpassed $28,000. The list price was down some from the end of February when it was a revised $27,609.
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The average listing price dipped again to $27,608, still off the December peak when it surpassed $28,000. But the average listing price was 28% above that of February 2021.
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Seasonally adjusted rates point to an inventory mix with more newer vehicles, which means fewer affordable options.
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As many of us are watching fuel prices and commodities, these new trends bring about uncertainty and volatility.
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How will the Russia/Ukraine conflict affect the automotive industry, particularly our already disrupted supply chain? We examine the current geopolitical friction in this State of the Fleet Industry video.
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Inventory has improved since last summer’s supply drought, but availability remains well below pre-COVID levels.
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To take a pulse on the state of the fleet industry, AF went to the source and asked fleet managers what issues they're watching. See what they had to say about current market conditions, sourcing replacement vehicles, budgeting, and incentives in this video.
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Production will increase with an easing of the chip shortage later this year and sales will rise. Prices will stay high but likely off their records.
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The ongoing difficulty in sourcing replacement vehicles is forcing some fleets to extend vehicle service lives beyond normal replacement parameters. As a result, there is an uptick in unscheduled repairs.
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