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Automotive Rapid Response Report - 17 June 2020

17 June 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.

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Positive momentum continues, 18% month-to-date (mtd) increase compared with mid-May in national retail registration volume, representing over 50,000-unit improvement

  • Luxury segments up 45% mtd, representing an increase of 15,000 units nationally
  • Non-luxury utilities up 25% mtd, an increase of 32,000 units driven by Non-luxury compact CUV contributing over 20,000 units
  • Non-luxury cars up 14% mtd, growing by more than 8,000 units and almost half of the increase was in non-luxury compact cars
  • Pickup segments declined 7% mtd, not surprising as inventory is extremely low and production is coming online

24% improvement in mtd performance for June in the top 10 retail volume states, highlights include:

  • Significant improvements in New Jersey, Michigan, and New York all recently lessening business restrictions
  • Modest improvements in Texas, North Carolina, and Florida where pent-up demand has been satisfied, continued concern about impact to the industry as they experience a resurgence of coronavirus disease


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