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New Vehicle Inventory Continues to Dwindle in March, According to Edmunds

New Vehicle Inventory Continues to Dwindle in March, According to Edmunds
Analysts say new and used car prices are on the rise as chipset shortages squeeze vehicle supply
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SANTA MONICA, Calif., April 1, 2021 /PRNewswire/ Consumers in the market for a new vehicle will likely have a harder time finding what they want at an affordable price right now due to severe supply shortages affecting the automotive industry. According to the car shopping experts at Edmunds, new vehicle inventory on sale at dealerships nationwide is down by 36% in March 2021 compared to a year ago, and prices are rising for both new and used vehicles as a result. Edmunds analysts forecast that the average transaction price (ATP) for new vehicles will climb to $40,563 in March compared to $38,601 a year ago; the ATP for used vehicles is expected to hit $22,663 compared to $20,273 last year. ....

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New Vehicle Inventory Continues to Dwindle in March, According to Edmunds

New Vehicle Inventory Continues to Dwindle in March, According to Edmunds
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

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New Vehicle Sales Expected to See a Lift in the First Quarter, According to Edmunds

New Vehicle Sales Expected to See a Lift in the First Quarter, According to Edmunds
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

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Edmunds Experts Forecast 15.5 Million New Vehicles Will Be Sold in 2021

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SANTA MONICA, Calif., Jan. 21, 2021 /PRNewswire/ The car shopping experts at Edmunds say that the auto industry is on track for greater stability and healthier sales this year, forecasting that 15.5 million new cars will be sold in 2021. Edmunds analysts note that this would represent a 6.5% lift compared to last year.
2020 was an incredibly tumultuous year for the industry, but some unique market conditions helped retail sales end up in a much stronger place than anticipated, and the good news is that these should serve as some decent tailwinds into 2021, said Jessica Caldwell, Edmunds executive director of insights. Despite the economic hardships faced by so many Americans during the pandemic, there s still a large population of well-off consumers who have been taking advantage of favorable financing conditions and sustaining healthy demand in the new car market. ....

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New Vehicle Sales Expected to Close 2020 Stronger Than Anticipated, According to Edmunds

New Vehicle Sales Expected to Close 2020 Stronger Than Anticipated, According to Edmunds
Edmunds analysts forecast that 14.4 million new vehicles will be sold in 2020 despite significant challenges created by the COVID-19 pandemic
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SANTA MONICA, Calif., Dec. 17, 2020 /PRNewswire/ The car shopping experts at Edmunds forecast that 4,036,744 new cars and trucks will be sold in the U.S. in the fourth quarter of 2020. This reflects a 2.8% increase in sales from the third quarter but a 5.7% decrease from Q4 of 2019. Edmunds analysts also estimate that 14,416,447 new vehicles will be sold in 2020, which reflects a 15.5% decrease in sales from 2019. Although this will put 2020 on track to be the lowest sales year for the automotive industry since 2011, Edmunds experts say that the number is much stronger than expected given major disruptions created by the outbreak of the coronavirus (COVID-19) pandemic. ....

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