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Wholesale used-vehicle prices decreased 1.0% from December during the first 15 days of January, according to data just released by industry expert Manheim.* The Manheim mid-month Used Vehicle Value Index dropped to 201.9, which was down 10.2% from the full month of January 2023. The usual seasonal adjustment minimally added to the decline. The non-adjusted price change in the first half of January dropped 0.9% compared to December, while the un-adjusted price was down 9.9% year-over-year.
“As we start January, we are seeing wholesale values decline a little in the first part of the month,” said Jeremy Robb, senior director of Industry Insights, Cox Automotive,** the parent company of Manheim. “While it’s pretty early to call it a trend, declines are fairly normal relative to the last several years and maybe just a smidge stronger than what we’d usually see.” Continue reading
FAA – Record Commercial Space Operations in 2023
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During 2023, there was a record 124 FAA licensed commercial space operations, the FAA said today. This includes 117 launches and seven reentries. That’s triple the number of total operations in 2020.
“These record numbers are possible due to the growing capabilities of industry and the FAA working to meet the demand for launch and reentry license approvals,” said FAA Associate Administrator for Commercial Space Transportation Kelvin Coleman. “As the industry innovates, so too is the FAA. We are using our regulatory authorities in certain initiatives to help the industry launch faster and more frequently without sacrificing safety.” Continue reading →