More than 102 million people will be on the nation's roadways this holiday season, marking a 4.4% increase over last year and an all-time record high since AAA began tracking holiday vehicle travel in 2001.
Edmunds is forecasting 1,392,434 new vehicles sales through September, representing a 5.4% decline from March and an 8.3% decline from the same time last year.
Used-vehicle values have held strong this year. A strong economy and more efficient remarketing strategies are helping make 2018 a banner year for used-vehicle values.
Automakers should be able to increase global sales of fully autonomous vehicles to 33 million by 2040 from 51,000 in 2021 — the first year of significant volume, according to a forecast from IHS Markit.
A rising supply of used pickups coupled with aggressive pricing for new models is expected to cause a weakening in values in the wholesale market, according to new data from Black Book.
Auto rental rates, according to the survey, are down 21% compared to the last year-end holiday period.
North America hotel and airfare prices are expected to increase, while auto rental rates remain flat. The highest business travel price increases are expected in Asia-Pacific and Latin America.
CWT estimates pricing and rate information for airlines, hotels, ground transportation providers, and meetings and events spend.
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