Automotive

Data For Your Morning

Data really only measures the past. Maybe tomorrow we will do a piece about fortune tellers so we can give you a glimpse of the future.
No items found.

5 Minutes of Fresh Perspective

Reading the daily news doesn't have to suck. Get the email that will make you laugh and keep you informed...for free!
Data For Your Morning

📈🏭💪 In April, a 9.3% increase in vehicle and auto part production led US manufacturing to its first up month since January. Overall manufacturing rose 1%, but if automotive is removed from the equation, it increased by just 0.4%. 

☝️🔼🆙 While manufacturing, at least in the US, is regaining its legs, used car prices are still at historic highs. For example, in Q1 2023, prices dipped 6.4% compared to 2022 but remained 44% higher than in Q1 2018. In the same period, the percentage of used vehicles sold under $20K was cut in half to just 30.6% this year. 

🚙🌸📉 While used retail is still elevated, in the first half of May, wholesale used-vehicle prices have dipped by 2.1% compared to April and 7.0% compared to the end of May last year. Even accounting for seasonal adjustments, wholesale prices are down year over year.

Check out more!

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.