FROM WARDSAUTO: 2022 Forecast Calls for 15.5 Million U.S. Sales, up 2.7%
Analysts expect it will take at least 3 more years before light-vehicle sales exceed 17 million units again. Luckily, it should take less time for new-vehicle production to reach pre-pandemic levels.
FROM AUTOMOTIVE NEWS: Buy-Sell Frenzy Set to Continue Into 2022
Over 500 dealerships are predicted to have changed hands in 2021. The potentially record-setting trend is believed to keep a similar pace in the first half of the new year.
FROM KELLEY BLUE BOOK: Average Used Car Price Tops $27,000 for First Time
Used car inventory has begun to grow, but days supply is still 15% down year over year. This slow growth has continued to push vehicle prices into uncharted territory.
FROM REUTERS: U.S. Motor Vehicle Travel up by 7.1% Over 2020
National road travel has been up nearly 10% year over year for the majority of 2021, reinforcing the role of personal vehicles in day-to-day life.