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IHS Markit

Pent Up Demand to Boost 2022 New Car Sales

Edmunds predicts 15.2 million new cars sales in 2022, a 1.2% increase from its 2021 vehicle sales estimate.

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IHS Markit Predicts Production Highs in 2024

IHS Markit forecasts lows in light-vehicle sales and production will give way to increases ahead.

Average Age of Vehicles on the Road Increases

IHS Markit finds the average age of a car on U.S. roads rose to 12.1 years in 2021, up from 11.9 years in 2020. In comparison, the average age was 9.6 years in 2002.

Analysts Predict Vehicle Production and Sales to Fall Off for Rest of 2021

LMC Automotive expects the semiconductor shortage to cut production in North America by about 452,000 units over the remaining months. The company also expects the chip shortage to impact production by about 1.5 million units.

automotiveMastermind Enhances Market EyeQ Sales Platform With Pre-Owned and Manheim Market Report Integration

Market EyeQ users can now automate behavior-based predictive marketing campaigns to pre-owned car buyers and utilize Manheim Market Reports to evaluate trade-in vehicles based on real time auction prices.

IHS Markit Trims 2020 Global Light Vehicle Sales, Production Forecasts

According the new analysis, global light vehicle sales are now forecast to be 69.6 million units this year in the wake of the pandemic.

automotiveMastermind Creates a Virtual BDC For Auto Dealers & Offers Increased Support During COVID-19 Disruptions

automotiveMastermind is re-deploying sales and business development managers to prospect on behalf of dealer partners, demonstrating the company’s support and commitment to dealerships during COVID-19 disruptions.

IHS Markit: Coronavirus Impact on Global Auto Demand

IHS Markit has been analyzing prevailing auto demand conditions in light of COVID-19.

automotiveMastermind Makes Strategic Decision to Strengthen Product and Technology Divisions

Automotive Mastermind hired one executive and promoted another as an extension of the company’s product and technology departments.

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IHS Markit Hires Two Automotive Industry Leaders

Joe Kyriakoza and David Mondragon join IHS Markit to drive integral new client solutions.

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