Automotive Rapid Response Report - 3 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.
- A strong 91% month-to-date (mtd) increase as May
concludes in national retail registration volume, representing a
greater than 500,000-unit improvement
- Non-luxury crossover utility vehicle (CUV)/sport utility vehicle (SUV) segments improved 111% mtd, representing 48% of the national volume improvement.
- Non-luxury cars almost doubled in volume mtd with 95% improvement, contributing 20% of the national volume increase.
- Pickup segments improved 53% mtd, 15% of the national volume improvement.
- 110% improvement in mtd performance for May in the top
10 retail volume states, highlights include:
- 113% improvement mtd in California, largest volume increase across all states with over 62,000 units.
- 209% improvement mtd in New York, volume increase of over 40,000 units.
- 75% improvement mtd in Florida, volume increase of over 40,000 units.
- As states continue to lessen their restrictions, we
expect the positive registration momentum to continue with many
manufacturers reducing summer downtime to increase production
- Focus will shift to identifying and addressing inventory shortfalls on fast-turning, high-margin vehicles.
- Fuel for Thought - Market dynamics in the first year of the pandemic
- Semiconductor shortage update: Nearly one million vehicles delayed
- Global bus market will see double-digit growth in the next 3 years
- Managing the 2021 automotive chip famine
- Julie Martin to lead North American OEM Sales
- Drivers reveal exactly how fast they want EVs to charge – and these cars are setting the pace
- Fuel for Thought - CES 2021 Roundup
- Top 10 auto tech trends to watch for in 2021
February’s Automotive Newsletter & Podcast: Market dynamics in the first year of the pandemic Demand for new vehi… https://t.co/P8pfLE14t5