Automotive Rapid Response Report - 13 May 2020
As the COVID-19 pandemic continues to unfold, IHS Markit offers
uniquely actionable, rapid insights to drive your business.
Insights powered by the most up-to-date information available
provide critical intelligence to inform near-term planning and
longer-term strategic decision making. Download our weekly Rapid
Response Report to get real-time market feedback on specific market
actions that will help you get a step ahead and help determine
which actions to take next.
An 18% week-on-week (w/w) decrease in national registration volume coming off the April sales close
- A 25% w/w decline across all pickup segments, pickups were a considerable highlight in April with a positive year-on-year (y/y) trend in performance
- April concluded with a 3% month-on-month (m/m) decline across pickup segments, resulting in a 1% y/y decline
- Starting in May, several OEMs de-escalated finance incentives from 0% for 84 months to 0% for 72 months as inventory pressure dissolves
A 20% w/w decrease observed across the Midwest cooperative manufacturing states
- A 3% w/w increase in Michigan, momentum continues as
manufacturing plans are solidify and employees are heading back to
o An 18% w/w decline in the high-volume non-luxury SUV/CUV segments, segments previously with strong weekly gains through April
As manufacturers continue to work through their recovery plans and some new models are delayed, this will have an impact on vehicle showrooms—extending existing models and influencing incentives and marketing initiatives.
- Fuel for Thought – The Evolving Global EV Landscape
- Does the acquisition of Arm give NVIDIA the keys to autonomous driving?
- Understanding the 2020 Vehicle Buyer Journey
- Automotive COVID-19 Recovery Series: The OEM Landscape
- David Goggins joins IHS Markit as Vice President, Automotive Strategy and Industry Insights
- Analysis of 2020 H1 US New Vehicle Registration Data
- Fuel for Thought: Automotive Retail - The Path Forward
- US light-vehicle sales decline 12 percent year-over-year in July