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Automotive Rapid Response Report - 20 May 2020

20 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.

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  • A 34% week-on-week (w/w) increase in national retail registration volume, representing almost 61,000 units
    • Non-Luxury crossover utility vehicle (CUV)/sport utility vehicle (SUV) segments had the highest volume improvement w/w, contributing over 40% of the overall gain in retail registrations
    • Pickup segments resume w/w improvement of 30%, inventory constraints on popular models as days supply contracts by 22%
    • Luxury segments w/w improvement of 50%, representing a 10,000-unit increase
  • Highlighting the top three retail volume states, there are notable differences between the segments contributing to the w/w improvements:
    • 66% w/w increase in New York as the state continues its phased re-opening, with all beaches set to open for the upcoming holiday weekend
    • 40% w/w increase in Texas, the largest volume improvement of all states, despite the increase in coronavirus disease 2019 (COVID-19) cases as the state opens retails, restaurants, movie theaters, and more. 1 May with 25% capacity restrictions
    • 29% w/w increase in California, currently in phase 2 of the state re-opening, notably a car segment is ranked 2nd w/w improvement


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