Despite squeezed supply, the used-vehicle market has been playing a key role in the recovery of the automotive industry.
Demand is strong and expected to break records in 2022 because CPO fits an important sweet spot in the vehicle market.
Available inventory is still down 62% behind the same period in 2020. The days' supply as of December remained 48% below Dec. 2020.
December 2021 numbers show the accumulating effects of supply chain shortages, price inflation, and static media incomes.
Analysis: A big drop of 20% to 30%, as one report suggests, is highly unlikely. History tells us a decline of more than 10% is rare indeed.
Fleet sales year to date are also down 42% from the same time in 2019 when 2.8 million vehicles were sold.
But volume for rental, commercial, and government vehicle purchases is still well below levels seen in the pre-pandemic year of 2019.
A recent analysis ranks the average energy cost savings for EVs compared to internal combustion engine vehicles.
A new ranking index considers regulations and obstacles consumers face state-by-state in purchasing electric vehicles.
No matter how many vans you are buying or have bought, following these steps will set your business up for greater success.
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