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Automotive Rapid Response Report | 8 July 2020

08 July 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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  • Holiday sales events contributing to national momentum, 25% week-over-week (w/w) increase in national retail registration volume, representing almost 70,000-unit improvement.

  • 27% improvement in w/w performance for select states now reversing their re-opening activities:
    • As Arizona, California, Colorado, Florida, Michigan, and Texas are experiencing an increasing number of coronavirus disease 2019 (COVID-19) cases these states have started restricting consumer activities again
    • Consumer confidence and behavior will likely be impacted by this resurgence
    • As we look further into COVID-19's impact on the Vehicle Buyer Journey, understanding consumer motivation and expectations will be key and insights will be shared in our upcoming Automotive COVID-19 Recovery Series


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