New Vehicle Sales Projections 2020-2024 Car sales in the United States could range between 10.2 and 12.7 million units in 2020. The car industry was expected to sell about 16.9 million vehicles before COVID but the market outlook has worsened. In 2019, 17 million new cars were sold in the
U.S. light-vehicle sales by nameplate, 6 month comparison of 2019 versus 2020 Percent Drop in New Car Sales First 6 Months 2019 v 2020 (PDF) Chrysler tops the list with a 50% decline in sales. New-vehicle sales in U.S. plummet 34% in Q2 of 2020. Some segments fared better than
Auto Market Report – June 2020 A look at Used Wholesale Price and Used Vehicle Supply Projections Auction Sales Volume and Sales Rates Segment Highlight – Compact Crossover / SUV Volume-weighted, overall car segment values increased 1.54% this past week. All car segments experienced increases, with the most notable increase
Traffic vs Accident Reduction 2020 Less cars on road = a lot less accidents. Vehicle miles traveled nationwide was down 41% in April and projections show up to a 9.4% decrease in 2020. Due to reduced traffic on roads, accidents have dramatically fallen. For each 1% drop in traffic, there’s
The Rise of Contactless Car Shopping in the Wake of Covid Consumers are warming up to the idea of digital retailing as more car dealerships take the car-buying process online during the covid19 pandemic. And customers increasingly say they’d like to handle certain parts of the transaction virtually instead of
Hyundai Sales Down 31% in March 2020 Despite sale increases in January and February 2020, March sales put the quarter in negative territory. One bright spot however is the fact that at -5.4%, Hyundai group’s decline is still half of the average US industry decline of 12% in Q1 2020.
General Motors Rebates April 2020 General Motors Incentives in this table are a summary of retail programs offered. Programs may vary by region and model. Expires April 30. In lieu of rebates, cut-rate financing is available. Year Make Model Cash Rebate up to Special Financing 2020 Buick Regal Sportback $
Top 10 Used Car Dealers in the US for 2019 based on the number of vehicles sold. Top 100 retailers based in the U.S., ranked on 2019 used-vehicle sales units (PDF)
Large Pickup Trucks Sales Least Effected by Covid While most dealers in US are experiencing sale declines as high as 80% in in the second half of March 2020, large pickup truck sales remained flat in the South dropped only 29% in the northeast. Reasons for the low decline in
US Car Dealer Rankings for 2019 Top 20 Car Dealers with the Most Increase in the Number of Stores – 2019. Dealership group Number of dealerships – 2019 Number of dealerships – 2018 Store Increase Percent Increase 1 Ciocca Dealerships 20 14 6 42.9% 2 Kahlig Auto Group
Car Prices Drop 4% at Auction
Spring is usually the high season when it comes to car sales. Dealers, anticipating tax refund checks stock up on inventory.
The early March week to week price index was as high as 1.25% signaling the beginning of the Spring car season. This is a stark contrast the the late March/early April price index of -2.5% which is almost a 4% swing in prices.
4% might not seem that high on first glance, however if this trend continues, car prices are set to drop around 15% by mid-May.
US Auto Inventory & Day Supply for March 2020 Day Supply February Day Supply March Inventory Units American Honda 88 83 381,400 Hyundai Kia 72 62 256,300 Mazda N.A. 58 57 61,900 Mitsubishi Motors 77 55 33,000 Subaru America 35 37 73,400 Toyota
Classic Ford Mustang Price Decline Q1 2020 After seeing steady increases through the last decade, the price of classic or collector Ford Mustangs (Generations 1 and 2 as well as Shelbys) is on the decline. The COVID19 virus has adversely affected the classic and collector car market with a cash
Auto Listing Sites Revenue Annual revenue in millions for some top four 3rd-party vehicle listing marketplaces. Top 4 Car Listing Companies by Revenue: Autotrader Cars.com CarGurus True Car Top 4 Car Listing Companies Yearly Revenue 2017 – 2019 ($Million) 2017 2018 +/- 2019 +/- Autotrader 1093 975 -12.1% 875
Below is a table outlining the number of employees in the U.S. motor vehicle and parts dealer industry from 2007 to 2018. Year Employees x 1,000 Y/Y Change 2007 1,911 2008 1,871 -2.1% 2009 1,634 -12.7% 2010 1,625 -0.6% 2011 1,685 3.7% 2012 1,730 2.7% 2013 1,782 3.0%
New Car Day Supply January 2020
What is “Day Supply”: If a car dealer stops receiving new inventory, the day supply is the number of days it will take (at the current rate of sale) for the dealer to run out of vehicles.
The lower the day supply number the healthier the dealer is as inventory is turning quickly.
Car Makers with the shortest Day Supply (good):
Subaru, 21 days
BMW, 34 days
Kia, 34 days
Audi, 36 days
Lexus, 37 days
Car Makers with the longest Day Supply (bad):
Fiat, 214 days
VW, 117 days
Mini, 103 days
Jeep, 94 days
Mitsubishi, 84 days
Day Supply 5-year Chart
Year Day Supply
2016 61
2017 63
2018 61
2019 62
2020 58
Day Supply: Domestics vs. Imports
January 2020 January 2019
US Car Makers 67 82
European Car Makers 52 62
Japanese Car Makers 52 62
Korean Car Makers 47 52
Auto Industry 58 69
List of Automotive Top Safety Picks for 2019. To be considered a Top Safety Pick by the Insurance Institute for Highway Safety (IIHS), a vehicle must earn good ratings in the driver-side small overlap front, moderate overlap front, side, roof strength and head restraint tests, as well as an acceptable or good rating in the passenger-side small overlap front test. It also must earn an advanced or superior rating for front crash prevention and an acceptable or good headlight rating.
To be considered a Top Safety Pick by the Insurance Institute for Highway Safety (IIHS), a vehicle must earn good ratings in the driver-side small overlap front, moderate overlap front, side, roof strength and head restraint tests, as well as an acceptable or good rating in the passenger-side small overlap front test. It also must earn an advanced or superior rating for front crash prevention and an acceptable or good headlight rating.
2019 Vehicle Sales by Segment. This US Car market report provides information about passenger cars, including economy and family, sports and luxury vehicles as well as minivans and Sport Utility Vehicles. It excludes motorcycles, buses, trucks and large vans.
The market segmentation is based on several factors, including physical properties (mass, volume, footprint = (front track width + rear track width)/2 x wheelbase, etc.) and consumer base (pricing, status, etc.).
2019 Vehicle Sales by segment is up 0.7% from 2018 to $17,552 Trillion
2019 Vehicle Revenue by Segment is up 0.9% from 2018 to $615 Billion
Ford leads the US in sales market share with 12.7% followed by Toyota with 12.5%
Toyota leads the US in revenue market share with 11.5% followed by Ford with 11.3%
The US is the worlds leader in Auto sales revenue with $615 Billion, followed by China with $555 Billion
Among Luxury brands, Mercedes leads with 15.8% market share
Top 20 dealership groups in the U.S. ranked on 2018 body shop revenue Collision Repair Market Share Collision repair is a $36.2 billion-a-year business in the U.S. Body shops operated by car dealerships trailed both chain and franchised repair centers and independent shops in their share of the U.S.
Sliding German Car Residual Values 2015 – 2019 As Tesla enters the Sub $40,000 price market, the German Automakers are feeling the pressure with lower overall residuals on 3 year old vehicles. You can now buy a used 3 year old BMW, Mercedes or Audi for a little more than
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