TRANSFORMING THE WAY THE WORLD BUYS, SELLS 2018 MIDAND-YEAR OWNS CARS REVIEW June 27 // DETROIT
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1 2018 MID-YEAR REVIEW June 27 // DETROIT 2018 MID-YEAR REVIEW June 27 // DETROIT Welcome!
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2 Chintan Talati COX AUTOMOTIVE Senior Director, Cox Automotive PUBLIC RELATIONS
Mark Schirmer Senior Manager, Cox Automotive Dara Hailes Manager, Cox Automotive Andrew Nicolai Director, Media Solutions Lois Rossi Senior Director, Inventory Solutions
Julie Shipp Manager, Inventory Solutions
3 Mark O’Neil Chief Operating Officer Jessica Stafford General Manager, Autotrader
Isabelle Helms VP Research and Market Intelligence
Drew Heckman Chief of Strategy, Flexdrive
Charlie Chesbrough Senior Economist
Rebecca Lindland Executive Analyst, Kelley Blue Book Michelle Krebs Executive Analyst, Autotrader Zohaim Rahim COX AUTOMOTIVE Manager, Research LEADERSHIP
4 SCHEDULE OF EVENTS
2:00 p.m. State of the Industry The Economy – Charlie Chesbrough The CUV Tsunami – Zohaim Rahim The Scores at Halftime – Michelle Krebs Then and Now – Michelle Krebs Q&A
3:00 p.m. Break
3:15 p.m. The State of Change Predictions – Mark O’Neil Accelerate – Jessica Stafford Evolution of Mobility – Isabelle Helms Subscription Landscape – Drew Heckman Q&A – Rebecca Lindland
4:30 p.m. End
5 THE ECONOMY Charlie Chesbrough | Senior Economist
6 BUYING CONDITIONS ARE FAVORABLE U.S. ECONOMIC OUTLOOK
Consumer and business confidence high
Stock market high, corporate profits strong
Wages and employment improving
Elevated incentives supporting demand
Lots of new products/innovations
Housing prices have recovered OVER 56 MILLION VEHICLES WILL BE SOLD IN 2018
7 BUYING CONDITIONS ARE CHANGING U.S. ECONOMIC OUTLOOK
Tighter monetary policy impacting economy
Buyers, dealers, OEMs, suppliers – costs rising
Oil price increase limiting tax reform gains
Margins weaker as incentives/inventory costs rise
Late stage in cycle – market fatigue
Inflation offsetting already slow VEHICLE DEMAND ROBUST, wage growth BUT RISKS ELEVATED
8 LABOR MARKET STRONG BUT NOT WAGES - YET
UNEMPLOYMENT RATE HOURLY WAGE GROWTH
12 5.0% 4.5% 10 4.0% 3.5% 8 3.0% 6 2.5% 2.0% 4 1.5% 1.0% 2 0.5% 0 0.0% 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 1988 1993 1998 2003 2008 2013 2018
Source: Department of Labor 9 GLOBAL TOWN HALL SALES VULNERABLE TO INTEREST RATE INCREASES
US AVERAGE AMOUNT FINANCED (NEW VEHICLE) AUTO LOAN AVAILABILITY (NET PERCENTAGE YES)
$31,000 30 25 $30,000 20 $29,000 15
$28,000 10 5 $27,000 0 $26,000 -5 -10 $25,000 -15 $24,000 -20 2011 2012 2013 2014 2015 2016 2017 2018 2011 2012 2013 2014 2015 2016 2017 2018
Stronger Demand forAuto Loans Tighter Standards for Auto Loans
Source: Federal Reserve, Federal Reserve Loan Officer Survey, 4 quarter average 10 GLOBAL TOWN HALL JUNE SAAR EXPECTED TO RISE SLIGHTLY FROM MAY
22 20 18 16 14 12 10 8 6 4 2 0 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018
Total Ca r Light Truck
Source: Cox Automotive/Bureau of Economic Analysis 11 GLOBAL TOWN HALL REVENUE GROWTH DECLINING BUT STILL POSITIVE
TOTAL REVENUE (SALES X TRANSACTION PRICE) SHARE OF MSRP REVENUE GROWTH (ANNUAL CHANGE)
$650,000,000,000 94.4% 12%
94.2% 10% $600,000,000,000
94.0% 8% $550,000,000,000 93.8% 6% $500,000,000,000 93.6% 4%
$450,000,000,000 93.4% 2%
$400,000,000,000 93.2% 0% Ja n - 13 Ja n - 14 Ja n - 15 Ja n - 16 Ja n - 17 Ja n - 18 Ja n - 14 Ja n - 15 Ja n - 16 Ja n - 17 Ja n - 18
Total Revenue Share ofMSRP
Source: Cox Automotive Estimates, 12 month average 12 GLOBAL TOWN HALL SINCE THE RECORD NEW- VEHICLE SALES YEAR IN 2016
Gasoline price up 40% or $60/month (18 mpg/15k)
Cost of $30,000/5-year loan up $500 or $9/month
Amount borrowed now at $30,500, up $1,871 or 7%
30-year mortgage up from 3.65% to 4.40% $130/month (300k)
Personal savings rate now at 2.8%, down from 4.9% CONSUMER FINANCES ARE CHANGING
13 THREAT TO NEW-VEHICLE VOLUME WILL INCREASE
Affordability becoming more difficult
Used-vehicle market providing a “value” alternative
Off-lease vehicles don’t reach peak volume until 2019
HEADWINDS BLOWING CONSUMERS TOWARDS USED VEHICLES
14 RISING LEASE PAYMENTS IMPACTING CHOICES
MONTHLY PAYMENT PAYMENT DIFFERENCES
$600 $160
$140 $550 $120
$500 $100
$80 $450 $60 $400 $40
$350 $20 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 Ne w Lea se Lease vs. Used Ne w Loa n Ne w Loa nvs . Le ase Us ed Loan Ne w Loa nvs . Us ed
Source: Cox Automotive/Dealertrack 15 GLOBAL TOWN HALL SHARE OF MARKET BELOW $30,000 DECLINING RAPIDLY
TRANSACTION PRICE MARKET SHARE (2012-2018)
50% 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% <= $20,000 $20 -$30K $30 -$40K $40 -$50K $50 -$60K $60 -$100K+
2012 2013 2014 2015 2016 2017 2018
Source: Cox Automotive/Kelley Blue Book 16 GLOBAL TOWN HALL HEADWINDS LEAD TO MODEST DECLINE IN 2018
LIGHT VEHICLE SALES OUTLOOK (MILLIONS) 16.8 18 17 16 15 14 13 12 11 10 9 8 1968 1970 1972 1974 1976 1978 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020
2018 2019 2020 COX AUTOMOTIVE FULL-YEAR FORECASTS 16.8 16.4 16.5 (Up 100K from earlier forecast)
Source: Cox Automotive, June 2018 17 GLOBAL TOWN HALL THE CUV TSUNAMI Zohaib Rahim | Manager Economic & Industry Insights
18 USED SALES CONTINUE TO TREND HIGHER
USED-VEHICLE REGISTRATIONS (ANNUALIZED VOLUME)
40 , 00 0, 00 0
39 , 00 0, 00 0
38 , 00 0, 00 0 Used-Vehicle Market 37 , 00 0, 00 0 (MILLIONS) 2016 38.6 36 , 00 0, 00 0 2017 39.4 35 , 00 0, 00 0 2018 39.5 (F) 2019 39.5 (F) 34 , 00 0, 00 0 2020 39.2 (F)
33 , 00 0, 00 0 1/ 1 /2 013 7/ 1 /2 013 1/ 1 /2 014 7/ 1 /2 014 1/ 1 /2 015 7/ 1 /2 015 1/ 1 /2 016 7/ 1 /2 016 1/ 1 /2 017 7/ 1 /2 017 1/ 1 /2 018
Source: IHS & Cox Automotive Estimates 19 GLOBAL TOWN HALL OFF-LEASE VOLUME REACHING PEAK
ESTIMATED OFF-LEASE MATURITIES (ANNUAL VOLUME, MILLIONS)
4.5
4.1 4.0 3.9 3.9 3.7 3.6 3.5 3.5
3.1 3.0
2.5 2.5 2.2
2.0 2014 2015 2016 2017 2018 2019 2020 2021 2022
Source: IHS & Cox Automotive Estimates 20 GLOBAL TOWN HALL SHIFTING CONSUMER PREFERENCES BY TYPE
NEW-VEHICLE SALES BY CATEGORY WHOLESALE-VEHICLE SALES BY CATEGORY (ANNUAL AVERAGE)
CAR PICKUP SUV VAN CAR PICKUP SUV VAN
60 % 60 %
50 % 50 % 51% 47%
40 % 40 %
33% 32% 30 % 30 %
20 % 20 %
16%
10 % 10 % 11%
5% 6%
0% 0% 20 09 20 10 20 11 20 12 20 13 20 14 20 15 20 16 20 17 20 18 20 09 20 10 20 11 20 12 20 13 20 14 20 15 20 16 20 17 20 18
Source: Motor Intelligence & Manheim Data 21 GLOBAL TOWN HALL OFF-LEASE MIX CHANGING TO FEWER CARS AND MORE CUVs
SEGMENT SHARE SEGMENT SHARE GROWTH 5 CAR SUV PICKUP VAN 20 17 20 18 20 19 20 20 60 . 0% 4
3 50 . 0% 2
40 . 0% 1
0 30 . 0% -1
20 . 0% -2
-3 10 . 0% -4
0. 0 % -5 20 16 20 17 20 18 20 19 20 20 CAR SUV PICKUP VAN
Source: IHS & Cox Automotive Estimates 22 GLOBAL TOWN HALL WHOLESALE PRICES UP SECOND CONSECUTIVE MONTH
MANHEIM USED VEHICLE VALUE INDEX
14 0
13 5 134.2
13 0
12 5
12 0
11 5
11 0
10 5
10 0
95
90 Ja n -9 5 Ja n -9 8 Ja n -0 1 Ja n -0 4 Ja n -0 7 Ja n -1 0 Ja n -1 3 Ja n -1 6
Source: Manheim 23 GLOBAL TOWN HALL PRICE PERFORMANCE VARIED BY SEGMENT
MANHEIM USED VEHICLE VALUE INDEX – Y/Y CHANGE
30 % 1 year 2years 3years 4years
25 %
20 %
15 % 10.2% 10 % 5.7% 5% 4.9% 4.0% 5.0% 2.0% 0.2% 0%
-5%
-10% Industry Co mpactcars Mi d si ze ca r s Luxurycars Pickups SUV/CUV Vans
Source: Manheim 24 GLOBAL TOWN HALL NEW- AND USED-VEHICLE PRICING
NEW-VEHICLE AVERAGE TRANSACTION PRICE WHOLESALE/USED-VEHICLE PRICE
$3 5, 00 0 Ba se MMR Es ti ma ted R et ail $31,615 $3 5, 00 0 $3 0, 00 0 $28,144 $27,768 $3 0, 00 0 $2 5, 00 0 $2 5, 00 0
$2 0, 00 0 $19,400 $2 0, 00 0 $17,950 $16,250 $15,950 $15,050 $1 5, 00 0 $1 5, 00 0 $13,200
$1 0, 00 0 $1 0, 00 0
$5 , 000 $5 , 000
$0 $0 201 5H ond aC R-VE X (F WD) 201 5 Nis san Rog ue S (FWD) 201 5 T oyot a RA V4 LE Honda CR-V N issan Rogue To yota RAV 4 (FWD)
Source: Kelley Blue Book & Manheim 25 GLOBAL TOWN HALL THE SCORES @ HALFTIME Michelle Krebs | Executive Analyst, Autotrader
26 THE STRONG GROW STRONGER
SEGMENT & SHARE LOSS / GAIN KEY TAKEAWAY
Compact SUV/Crossover 18.19% 2.43 Subcompact SUV/Crossover 3.49% .83 Car share continues slide, led by Mid-size SUV/Crossover 14.77% .83 midsize and compact car Mid-size Pickup Truck 3.00% .45 segments. How low will it go? Luxury Compact SUV/Crossover 3.34% .34 Luxury Mid-size SUV/Crossover 3.45% .20 SUV/CUV sales keep rising, led Full-size Pickup Truck 13.35% .12 by compact utilities now at 18% Full-Size SUV/Crossover 1.92% .06 of the market High-end Luxury Car 0.31% .04 Luxury Car 1.11% -.01 Full-size pickup truck sales hold Luxury Full-size SUV/Crossover 0.71% -.01 Minivan 3.02% -.03 steady; midsize trucks gain Electric Vehicle 0.30% -.04 High Performance Car 0.21% -.06 Top 3 segm ents – compact, Hybrid/Alternative Energy Car 0.97% -.06 midsize utilities plus pickups - Van 2.64% -.07 account for 46% of total sales vs. Full-size Car 2.03% -.17 44% for all of 2017 Sports Car 1.60% -.32 Entry-level Luxury Car 3.16% -.35 Subcompact Car 2.24% -.63 Compact Car 11.27% -1.64 Mid-size Car 8.92% -1.91
Source: Kelley Blue Book 27 GLOBAL TOWN HALL JEEP, LITTLE GUYS GAIN
BRAND & SHARE LOSS / GAIN KEY TAKEAWAY
Jeep 5.80% 1.01 Jeep wrangles biggest market Chevrolet 11.50% 0.50 share gain, up 1 point, thanks Mazda 1.95% 0.23 to new models, including Toyota 12.36% 0.22 Wrangler, Compass Mitsubishi 0.80% 0.12 Volkswagen 2.05% 0.12 More non-luxury brands lose Subaru 3.74% 0.11 than gain Mini 0.26% 0.01 Smart 0.01% 0.00 Most big brands flat to down; GMC 3.10% -0.06 only Jeep, Toyota and Kia 3.37% -0.08 Chevrolet up Fiat 0.10% -0.08 Chrysler 1.07% -0.12 Little guys made some gains: Honda 8.30% -0.23 Mazda, Volkswagen, Dodge 2.91% -0.23 Mitsubishi Hyundai 3.76% -0.32 Ram 2.97% -0.36 Ford 14.25% -0.43 Nissan 8.17% -0.60
Source: Kelley Blue Book 28 GLOBAL TOWN HALL LUXURY HOLDS STEADY
BRAND & SHARE LOSS / GAIN KEY TAKEAWAY
Volvo 0.54% 0.15 Luxury brands eke out more Land Rover 0.54% 0.10 gains than declines; share Alfa Romeo 0.14% 0.10 movements minuscule Audi 1.26% 0.06 Some little guys gained: Volvo, BMW 1.76% 0.04 Land Rover, Alfa Romeo Porsche 0.35% 0.02 Lexus 1.58% 0.01 Volvo gained most thanks to Cadillac 0.90% 0.00 new products Buick 1.30% 0.00 Mercedes-Benz 2.09% -0.01 Genesis 0.09% -0.03 Acura 0.83% -0.03 Jaguar 0.18% -0.08 Infiniti 0.87% -0.09 Lincoln 0.58% -0.10
Source: Kelley Blue Book 29 GLOBAL TOWN HALL PRICES RISE AND SO DO INCENTIVES
KEY TAKEAWAY 10.3% 10.5% 12 . 0% $3 7, 0 00 Transaction prices keep climbing $35,628 10 . 0% as customers opt for well- equipped SUVs/CUVs $3 5, 0 00
8. 0 % Incentives rise in dollars but same ratio to ATP as year-end $3 3, 0 00 2017
6. 0 % Automakers plow incentives into $3 1, 0 00 leases $27,177 4. 0 % $2 9, 0 00
$2 7, 0 00 2. 0 %
$2 5, 0 00 0. 0 % 20 05 20 06 20 07 20 08 20 09 20 10 20 11 20 12 20 13 20 14 20 15 20 16 20 17 YTD
Source: Kelley Blue Book 30 GLOBAL TOWN HALL LENDING HAND PUSHES LEASING TO NEAR-RECORD HEIGHTS
KEY TAKEAWAY 31.1% 29.6% 34.0% Lease levels approaching 2016 32.0% record levels
Rising interest rates have 30.0% pushed lease payments higher so automakers step in to 28.0% subsidize
26.0% Luxury lease pull-aheads, leases to conquest competitors 24.0% proliferate
22.0% Expected tsunami of off-lease utilities and new ute models 20.0% coming on the market may drive Ja n Feb Ma r Apr Ma y Ju n higher incentives in those segments 2012 2013 2014 2015 2016 2017 2018
Source: Kelley Blue Book 31 GLOBAL TOWN HALL PROGRESS REPORT: 2018 UNDERPERFORMING: Honda – Accord stalls. Dude, where’s my incentive?
OUTPERFORMING: Tesla – Where’s my mainstream- Jeep – Wrangles biggest non-lux priced Model 3 EV? sales hike at +22% YTD Acura – Even a new RDX seems unable to save the brand Volvo – How Swede it is! Biggest sales hike at 38% JURY STILL OUT: YTD, second to Alfa Ford – Adios Fiesta and the bulk Subaru – Love, dogs and of Ford cars; Hello EcoSport three rows of seats Hyundai – A host of stylish new CUV models show promise Volkswagen – With Dieselgate behind it, nowhere to go but up Cadillac – Awaiting the arrival of the XT4
COX AUTOMOTIVE HOT LIST 32 GLOBAL TOWN HALL THEN (2008) AND NOW (2018): GAS PRICES
25. 0 24.7 24.7 24.5 24.6 24.6 CAR SUV TRUCK VAN OVERALL MPG 24.2 2008 24.8 18.6 16.0 17.8 21.4 24. 0 23.7 2009 25.3 19.6 16.2 17.7 22.1
2010 25.8 20.4 16.3 18.0 22.3 23. 0 22.8 2011 26.5 20.8 16.5 18.9 22.8 22.3 22.1 2012 27.7 21.2 16.5 19.1 23.7 22. 0 2013 28.5 21.9 16.7 19.1 24.2 21.4 2014 28.9 22.3 17.2 19.2 24.5 21. 0 2015 29.1 22.9 18.0 19.3 24.7 2016 29.4 23.1 18.1 19.4 24.6 20. 0 2017 29.6 23.4 18.4 19.7 24.6 2018 29.9 23.7 18.5 19.6 24.7 19. 0 20 08 20 09 20 10 20 11 20 12 20 13 20 14 20 15 20 16 20 17 20 18 SUV fleet improvement: 24.7 percent CAR fleet improvement: 20.5 percent Truck fleet improvement: 13.7 percent
Source: Kelley Blue Book 33 GLOBAL TOWN HALL LOW GAS PRICES, IMPROVED FUEL ECONOMY DRIVE BUYERS TO UTILITIES
6.5% 5.7%
15.2% 16.3% Car 32.1% SUV 52.8% Truck 25.5% Van 45.9%
2008 Total Sales: 13,209,695 2018 6-Month Forecast: 8,529,085
Source: Kelley Blue Book 34 GLOBAL TOWN HALL COMPACT, MIDSIZE UTILITIES SUPPLANT COMPACT, MIDSIZE SEDANS
2008 SALES SHARE 2018 (through May) SALES SHARE Mid-size Car 2,137,351 16.2% Compact SUV/Crossover 1,278,692 18.2% Compact Car 2,129,686 16.1% Mid-size SUV/Crossover 1,038,033 14.8% Full-size Pickup Truck 1,610,607 12.2% Full-size Pickup Truck 938,102 13.3% Mid-size SUV/Crossover 1,481,137 11.2% Compact Car 791,871 11.3% Compact SUV/Crossover 1,031,061 7.8% Mid-size Car 627,342 8.9% Full-size Car 751,151 5.7% Subcompact SUV/Crossover 244,973 3.5% Entry-level Luxury Car 721,530 5.5% Luxury Mid-size SUV/Crossover 242,736 3.5% Minivan 613,633 4.6% Luxury Compact SUV/Crossover 234,499 3.3% Subcompact Car 536,320 4.1% Entry-level Luxury Car 221,847 3.2% Mid-size Pickup Truck 391,581 3.0% Minivan 212,464 3.0% Mid-size Pickup Truck 210,681 3.0% Luxury Mid-size SUV/Crossover 384,743 2.9% Van 185,404 2.6% Full-Size SUV/Crossover 312,605 2.4% Subcompact Car 157,651 2.2% Van 248,619 1.9% Full-size Car 142,957 2.0% Luxury Car 234,118 1.8% Full-Size SUV/Crossover 134,764 1.9% Sports Car 200,302 1.5% Sports Car 112,675 1.6% Hybrid/Alternative Energy Car 159,172 1.2% Luxury Car 78,316 1.1% Luxury Full-size SUV/Crossover 105,797 0.8% Hybrid/Alternative Energy Car 68,377 1.0% High-end Luxury Car 69,251 0.5% Luxury Full-size SUV/Crossover 50,141 0.7% Luxury Compact SUV/Crossover 50,684 0.4% High-end Luxury Car 21,704 0.3% High Performance Car 40,347 0.3% Electric Vehicle 20,886 0.3% GRAND TOTAL 13,209,695 100% High Performance Car 14,970 0.2% GRAND TOTAL 7,029,085 100%
Source: Kelley Blue Book 35 GLOBAL TOWN HALL SOME THINGS CHANGE LITTLE, NOTABLY SHARE BY BRAND
2008 SALES SHARE JUNE YTD FORECAST SALES SHARE GM 2,933,318 22.2% GM 1,473,169 17.3% Toyota Motor Co 2,197,564 16.6% Ford Motor Co 1,267,177 14.9% Ford Motor Co 1,920,171 14.5% Fiat Chrysler 1,453,122 11.0% Toyota Motor Co 1,179,707 13.8% American Honda 1,428,579 10.8% Fiat Chrysler 1,115,212 13.1% Nissan NA 951,350 7.2% American Honda 786,261 9.2% Hyundai Kia 675,139 5.1% Nissan NA 763,599 9.0% VW 335,204 2.5% Hyundai Kia 625,989 7.3% BMW Group 303,190 2.3% Subaru 318,019 3.7% Mazda 263,949 2.0% Daimler 249,583 1.9% VW 309,957 3.6% Subaru 187,697 1.4% Daimler 178,283 2.1% Mitsubishi 97,253 0.7% BMW Group 172,469 2.0% Suzuki 84,862 0.6% Mazda 166,031 1.9% Volvo NA 73,102 0.6% Mitsubishi 68,227 0.8% Tata 29,494 0.2% Spyker 21,365 0.2% Tata 60,231 0.7% Isuzu 4,753 0.0% Volvo NA 44,754 0.5% GRAND TOTAL 13,209,695 100% GRAND TOTAL 8,529,085 100%
Source: Kelley Blue Book 36 GLOBAL TOWN HALL KELLEY BLUE BOOK MOST RESEARCHED VEHICLES (FULL YEAR 2008; FIRST 5 MONTHS OF 2018)
2008 2018 1. Honda Civic 1. Honda CR-V 2. Honda Accord 2. Honda Civic 3. Toyota Camry 3. Honda Accord 4. Toyota Corolla 4. Toyota Camry 5. Nissan Altima 5. Toyota RAV4 6. Honda CR-V 6. Mazda CX-5 7. Toyota Prius 7. Subaru Forester 8. Toyota Highlander 8. Ford F150 9. Toyota RAV4 9. Subaru Outback 10. Mazda3 10. Nissan Rogue 11. Toyota Yaris 11. Ford Focus 12. Ford Escape 12. Jeep Wrangler 13. Honda Odyssey 13. Toyota Highlander 14. Honda Pilot 14. Jeep Renegade 15. Honda Fit 15. Jeep Grand Cherokee 16. Ford Mustang 16. Honda Pilot 17. Chevrolet Malibu 17. Chevrolet Equinox 18. Toyota Sienna 18. Ford Mustang 19. MINI Cooper 19. Toyota Corolla 20. Volkswagen Jetta 20. Subaru Crosstrek
Source: Kelley Blue Book 37 TOP-SELLING VEHICLES IN THE U.S.
RANK 2008 RANK 2018 1 F-Series 515,513 1 F-Series 371,934 2 Silverado 465,065 2 Silverado 237,148 3 Camry 436,617 3 Ram Pickup 189,997 4 Accord 372,161 4 Rogue 178,198 5 Corolla 351,007 5 RAV4 160,668 6 Civic 335,126 6 Camry 150,580 7 Altima 269,668 7 CR-V 146,274 8 Impala 265,840 8 Civic 144,897 9 Equinox 134,198 9 Ram Pickup 245,840 10 Corolla 123,858 10 CR-V 198,505 11 Escape 115,726 11 Focus 195,823 12 Accord 111,564 12 Cobalt 188,045 13 Wrangler 110,382 13 Malibu 178,253 14 Explorer 106,345 14 Escape 168,851 15 Altima 96,836 15 Sierra 168,544 16 Sentra 95,104 16 Prius 158,884 17 Tacoma 93,970 17 Fusion 147,569 18 Highlander 92,650 18 Tacoma 144,653 19 Grand Cherokee 91,589 19 G6 140,240 20 Cherokee 91,286 20 Tundra 137,249
Source: Kelley Blue Book 38 Q&A
GLOBAL TOWN HALL TAKE A BREAK