June 28, 2021
Have Used-Vehicle Prices Peaked?
The 63rd State of the Fleet Industry video produced by Automotive Fleet offers an updated look at the state of the fleet market for the week of June 28, 2021, as analyzed by AF Editor Mike Antich.
Today's topics include:
- Over the past several weeks of June 2021, there has been growing evidence from used-vehicle resale data that seems to indicate the growth in late-model used-vehicle prices is decelerating.
- While the rate of price increases is slowing, overall used-vehicle prices continue to remain strong, but some are wondering if this is an early indicator that used-vehicle prices are peaking. - Discussed are the six factors that are contributing to the increase in used-vehicle prices.
- One unknown future variable is whether there will be upward MSRP pricing pressures for some 2022 model vehicles. If new vehicle prices do trend upward, so too will used vehicle pricing.
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⏱ Timestamps ⏱
0:20 Used-Vehicle Prices Are Decelerating
1:06 Used-Vehicle Pricing in Historical Context
2:02 Evidence of Decelerating Pricing
2:58 The Impact of Used-Vehicle Price Increases
3:50 6 Factors of Used-Vehicle Price Increases
6:52 Used-Vehicle Pricing Impact on the Entire Market
7:34 New Vehicle Transaction Rates
8:40 The Unpredictability of the Used-Vehicle Market
9:29 The Peak of Used-Vehicle Prices
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Originally posted on Automotive Fleet