New Jersey Auto Outlook Sponsored By: NJ CAR

Total Page:16

File Type:pdf, Size:1020Kb

New Jersey Auto Outlook Sponsored By: NJ CAR Covering Third Quarter 2014 Volume 25, Number 4 New Jersey Auto Outlook Sponsored by: NJ CAR FORECAST State New Vehicle Market On Track for 2.9% Gain in 2014 Sixth consecutive annual increase predicted for next year Information overload is hard to avoid these Trucks grab a larger share of state market Honda Accord best-selling car in state mar- days. Here’s our attempt to cut through the Light truck market share increased from ket; CR-V is light truck leader clutter. Below is a concise summary of key 45.8% during the first nine months of 2013 to Honda Civic and Nissan Altima were ranked trends and developments in the New Jersey 49.7% this year. Consumers are clearly mak- second and third behind Accord in the car new vehicle market. ing their preference known for larger vehicles, market, while Jeep Grand Cherokee and Nis- especially crossover SUVs. san Rogue trailed the CR-V. State market posts gain during first three quarters of 2014; increase is below Nation Alternative powertrain vehicle sales are Detroit Three gain ground in 2014, as Ko- State new retail registrations were up 2.7% for down in 2014 rean brands lose share the first nine months of this year (September State sales of hybrid and electric cars and Detroit Three accounted for a larger chunk of figures were estimated) versus a year earlier, trucks fell 6.8% so far this year, while the over- the state market so far this year, with share below the 6.5% uptick in the National market. all market improved. Market share was still increasing from 28.0% during the first nine low, at just 2.3%. months of 2013 to 29.5% in 2014. New vehicle market has small increase in Third Quarter of this year Honda, Toyota, Ford, Nissan, and Hyundai The Third Quarter increase was a slim 0.9%, are leaders in state market as the market struggled to improve on strong Honda was the best selling brand during the 2015 Forecast year-earlier results (see page 2). first three quarters of this year, with a 13.4% share. Toyota’s share was 10.8%. Sixth consecutive annual increase likely in 2015 Jeep, Ram, Subaru, Lincoln, and Audi gain a Up State new retail light vehicle registrations are lot of ground in 2014 predicted to increase 2.0% from 2014 to New retail registrations for each of these five 2% 2015. This year’s annual increase is pegged brands were up more than 10% so far in 2014. at 2.9%. Annual Trend in State Market Market Summary YTD '13 YTD '14 % Chg. Mkt. Share 550,000 thru Sept. thru Sept.* '13 to '14 YTD '14* TOTAL 369,064 378,855 2.7% 500,000 498,000 508,000 450,000 483,954 Car 200,046 190,419 -4.8% 50.3% 400,000 443,900 Light Truck 169,018 188,436 11.5% 49.7% 419,021 350,000 425,770 400,314 Detroit Three 103,506 111,785 8.0% 29.5% New light vehicle registrations 300,000 358,410 European 57,314 55,627 -2.9% 14.7% 250,000 Japanese 171,760 175,819 2.4% 46.4% 2008 2009 2010 2011 2012 2013 2014 2015 Korean 36,484 35,624 -2.4% 9.4% Forecast Forecast Detroit Three consists of vehicles sold by GM, Ford, and Chrysler. The graph above shows annual new retail light vehicle registrations in the state *Figures for September, 2014 were estimated by Auto Outlook. from 2008 thru 2013, and Auto Outlook’s projections for all of 2014 and 2015. Historical data source: Polk. Historical figures were revised and will differ slightly from those presented in previous issues. Source: Polk. Page 2 New Jersey Auto Outlook MARKET TRACKER: QUARTERLY RESULTS State Market Increased 0.9% in 3rd Quarter 2014 vs. 7.1% in U.S. QUARTERLY TREND QUARTERLY PERSPECTIVE Percent Change in New Vehicle Market Five Years of Third Quarter Results State and U.S. in State Market 140000 10.0% The state market improved at a slower pace than the U.S. in the 9.0% 3rd Quarter of 2014. 120000 N.J. 8.0% U.S. 100000 7.0% 6.0% 80000 5.0% The market was up by more than 60000 26,000 units in the Third Quarter 4.0% of 2014 vs. 2010. % change versus year earlier 3.0% 40000 New retail light vehicle registrations 2.0% 20000 1.0% 0.0% 0 Q4 '13 Q1 '14 Q2 '14 Q3 '14* Q3 '10 Q3 '11 Q3 '12 Q3 '13 Q3 '14* N.J. 1.1% 2.0% 5.1% 0.9% Regs. 106319 104699 110120 132036 133176 U.S. 4.9% 4.3% 7.8% 7.1% Third Quarter registrations during past five years * Figures for Third Quarter 2014 were estimated by Auto Outlook based * Figures for Third Quarter 2014 were estimated by Auto Outlook on data for July and August. based on data for July and August. Data Source: Polk. Data Source: Polk. New Jersey Auto Outlook Covering Third Quarter 2014 Published by: Auto Outlook, Inc. PO Box 390 Exton, PA 19341 Phone: 800-206-0102 EMail: [email protected] Editor: Jeffrey A. Foltz Reproduction, including photocopying of this publication in whole or in part, is prohibited without the express permission of Auto Outlook, Inc. Any material quoted must be attributed to New Jersey Auto Outlook, published by Auto Outlook, Inc. on behalf of NJCar, and must also include the state- ment: “Data Source: Polk.” Unforeseen events may affect the forecast projections presented. Consequently, Auto Outlook, Inc. is not responsible for management decisions based on the content of New Jersey Auto Outlook. Covering Third Quarter 2014 Page 3 MARKET TRACKER: BRAND MARKET SHARE MARKET TRACKER: HYBRID AND ELECTRIC VEHICLES Detroit 3 Share Improves Hybrid/Electric Share Slips Change in State Market Share Quarterly Alternative Powertrain Market Share YTD 2014 thru September* vs. YTD 2013 (includes hybrid and electric vehicles) 3.0% Detroit Three 1.5 2.5% Japanese -0.1 2.0% 1.5% Korean -0.5 Detroit 3 share Trendline 1.0% increased 1.5 Alternative powertrain market share has trended points. European -0.8 0.5% higher over the past three years, but was down slightly in the Third Quarter of this year. 0.0% -2.0 -1.0 0.0 1.0 2.0 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Change in market share '11 '12 '12 '12 '12 '13 '13 '13 '13 '14 '14 '14* The graph above shows the change in year-to-date market share The graph above shows hybrid powertrain and electric vehicle quarterly market share in the for four primary brand segments. *Figures for September, 2014 state. The line shows market share trend over the past 12 quarters. *Third Quarter 2014 in- were estimated by Auto Outlook. Data Source: Polk. cludes July and August. Source: Polk. MARKET TRACKER: SEGMENTS Compact SUV Segment Leads State Market New Jersey Segment Market Share Review Market Share Market Share Change in share Best selling model Segment YTD ‘13 thru August YTD ‘14 thru August YTD ‘13 to ‘14 in segment Compact SUV 15.8 19.2 3.4 Honda CR-V Standard Mid Size Car 18.8 17.7 -1.1 Honda Accord Sub Compact Car 17.4 15.2 -2.2 Honda Civic Mid Size SUV 3 Rows 7.9 7.6 -0.3 Ford Explorer Near Luxury Car 7.1 6.6 -0.5 BMW 3-Series Mid Size Luxury SUV 5.1 5.4 0.3 Lexus RX Luxury and Sports Cars 4.5 4.4 -0.1 Mercedes E-Class Mid Size SUV 2 Rows 4.1 4.4 0.3 Jeep Grand Cherokee Full Size Pickup 3.9 4.2 0.3 Ford F Series Mini Van 3.4 3.1 -0.3 Honda Odyssey Compact Luxury SUV 2.4 2.6 0.2 Acura RDX Entry Car 2.7 2.4 -0.3 Kia Soul Large Mid Size Car 2.0 2.0 0.0 Nissan Maxima Entry Luxury Car 0.8 1.2 0.4 Mercedes CLA-Class Full Size Van 1.0 1.0 0.0 Ford E-Series Full Size SUV 0.7 0.9 0.2 GMC Yukon Sport Compact Car 1.1 0.9 -0.2 Chevrolet Camaro Compact Pickup 0.9 0.8 -0.1 Toyota Tacoma Full Size Luxury SUV 0.5 0.5 0.0 Cadillac Escalade The table above shows New Jersey market share for 19 vehicle segments during the first eight months of 2013 and 2014, and the change in market share over the period. The best selling model in each segment is also shown. Segments are ranked from top to bottom based on 2014 share. Most popular segment in the state is Compact SUV, which also had the largest gain. Data Source: Polk. Page 4 New Jersey Auto Outlook Brand Registrations Report New Jersey New Retail Car and Light Truck Registrations Third Quarter* YTD thru September Registrations Market Share (%) Registrations Market Share (%) 3Q 2013 3Q 2014 % change 3Q 2013 3Q 2014 Change YTD '13 YTD '14* % change YTD '13 YTD '14* Change TOTAL 132,036 133,176 0.9 369,064 378,855 2.7 Cars 70,763 67,705 -4.3 53.6 50.8 -2.8 200,046 190,419 -4.8 54.2 50.3 -3.9 Light Trucks 61,273 65,471 6.9 46.4 49.2 2.8 169,018 188,436 11.5 45.8 49.7 3.9 Domestic Brands 36,663 38,242 4.3 27.8 28.7 0.9 103,506 111,785 8.0 28.0 29.5 1.5 European Brands 19,750 18,903 -4.3 15.0 14.2 -0.8 57,314 55,627 -2.9 15.5 14.7 -0.8 Japanese Brands 62,994 63,553 0.9 47.7 47.7 0.0 171,760 175,819 2.4 46.5 46.4 -0.1 Korean Brands 12,629 12,478 -1.2 9.6 9.4 -0.2 36,484 35,624 -2.4 9.9 9.4 -0.5 Acura 2,931 2,624 -10.5 2.2 2.0 -0.2 8,215 7,647 -6.9 2.2 2.0 -0.2 Audi 2,338 2,515 7.6 1.8 1.9 0.1 6,823 7,566 10.9 1.8 2.0 0.2 BMW 5,097 5,004 -1.8 3.9 3.8 -0.1 14,483 14,943 3.2 3.9 3.9 0.0 Buick 1,766 1,670 -5.4 1.3 1.3 0.0 4,881 4,722 -3.3 1.3 1.2 -0.1 Cadillac 1,948 1,693 -13.1 1.5 1.3 -0.2 5,289 5,002 -5.4 1.4 1.3 -0.1 Chevrolet 6,909 6,786 -1.8 5.2 5.1 -0.1 19,727 19,628 -0.5 5.3 5.2 -0.1 Chrysler 1,518 1,339 -11.8 1.1 1.0 -0.1 4,040 3,671 -9.1 1.1 1.0 -0.1 Dodge 2,353 2,170 -7.8 1.8 1.6 -0.2 6,816 6,795 -0.3 1.8 1.8 0.0 FIAT 290 211 -27.2 0.2 0.2 0.0 675 709 5.0 0.2 0.2 0.0 Ford 11,468 11,358 -1.0 8.7 8.5 -0.2 34,030 34,253 0.7 9.2 9.0 -0.2 GMC 2,652 3,031 14.3 2.0 2.3 0.3 7,729 8,496 9.9 2.1 2.2 0.1 Honda 19,002 18,751 -1.3 14.4 14.1 -0.3 53,141 50,918 -4.2 14.4 13.4 -1.0 Hyundai 8,205 7,772 -5.3 6.2 5.8 -0.4 24,100 22,369 -7.2 6.5 5.9 -0.6 Infiniti 2,076 1,772 -14.6 1.6 1.3 -0.3 5,625 5,877 4.5 1.5 1.6 0.1 Jaguar 270 157 -41.9 0.2 0.1 -0.1 670 490 -26.9 0.2 0.1 -0.1 Jeep 5,598 7,708 37.7 4.2 5.8 1.6 14,722 21,563 46.5 4.0 5.7 1.7 Kia
Recommended publications
  • Competing in the Global Truck Industry Emerging Markets Spotlight
    KPMG INTERNATIONAL Competing in the Global Truck Industry Emerging Markets Spotlight Challenges and future winning strategies September 2011 kpmg.com ii | Competing in the Global Truck Industry – Emerging Markets Spotlight Acknowledgements We would like to express our special thanks to the Institut für Automobilwirtschaft (Institute for Automotive Research) under the lead of Prof. Dr. Willi Diez for its longstanding cooperation and valuable contribution to this study. Prof. Dr. Willi Diez Director Institut für Automobilwirtschaft (IfA) [Institute for Automotive Research] [email protected] www.ifa-info.de We would also like to thank deeply the following senior executives who participated in in-depth interviews to provide further insight: (Listed alphabetically by organization name) Shen Yang Senior Director of Strategy and Development Beiqi Foton Motor Co., Ltd. (China) Andreas Renschler Member of the Board and Head of Daimler Trucks Division Daimler AG (Germany) Ashot Aroutunyan Director of Marketing and Advertising KAMAZ OAO (Russia) Prof. Dr.-Ing. Heinz Junker Chairman of the Management Board MAHLE Group (Germany) Dee Kapur President of the Truck Group Navistar International Corporation (USA) Jack Allen President of the North American Truck Group Navistar International Corporation (USA) George Kapitelli Vice President SAIC GM Wuling Automobile Co., Ltd. (SGMW) (China) Ravi Pisharody President (Commercial Vehicle Business Unit) Tata Motors Ltd. (India) © 2011 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. All rights reserved. Competing in the Global Truck Industry – Emerging Markets Spotlight | iii Editorial Commercial vehicle sales are spurred by far exceeded the most optimistic on by economic growth going in hand expectations – how can we foresee the with the rising demand for the transport potentials and importance of issues of goods.
    [Show full text]
  • Investigation of Class 2B Trucks (Vehicles of 8,500 to 10,000 Lbs GVWR)
    ORNL/TM-2002/49 Investigation of Class 2b Trucks (Vehicles of 8,500 to 10,000 lbs GVWR) March 2002 Stacy C. Davis Lorena F. Truett DOCUMENT AVAILABILITY Reports produced after January 1, 1996, are generally available free via the U.S. Department of Energy (DOE) Information Bridge: Web site: http://www.osti.gov/bridge Reports produced before January 1, 1996, may be purchased by members of the public from the following source: National Technical Information Service 5285 Port Royal Road Springfield, VA 22161 Telephone: 703-605-6000 (1-800-553-6847) TDD: 703-487-4639 Fax: 703-605-6900 E-mail: [email protected] Web site: http://www.ntis.gov/support/ordernowabout.htm Reports are available to DOE employees, DOE contractors, Energy Technology Data Exchange (ETDE) representatives, and International Nuclear Information System (INIS) representatives from the following source: Office of Scientific and Technical Information P.O. Box 62 Oak Ridge, TN 37831 Telephone: 865-576-8401 Fax: 865-576-5728 E-mail: [email protected] Web site: http://www.osti.gov/contact.html This report was prepared as an account of work sponsored by an agency of the United States Government. Neither the United States government nor any agency thereof, nor any of their employees, makes any warranty, express or implied, or assumes any legal liability or responsibility for the accuracy, completeness, or usefulness of any information, apparatus, product, or process disclosed, or represents that its use would not infringe privately owned rights. Reference herein to any specific commercial product, process, or service by trade name, trademark, manufacturer, or otherwise, does not necessarily constitute or imply its endorsement, recommendation, or favoring by the United States Government or any agency thereof.
    [Show full text]
  • Sport Utility Vehicles, Mini-Vans and Light Trucks: an Overview of Fuel Economy and Emissions Standards
    Order Code RS20298 Updated June 28, 2002 CRS Report for Congress Received through the CRS Web Sport Utility Vehicles, Mini-Vans and Light Trucks: An Overview of Fuel Economy and Emissions Standards Brent D. Yacobucci Environmental Policy Analyst Resources, Science, and Industry Division Summary Most sport utility vehicles, mini-vans, and pickups are classified as “light trucks” and thus are regulated less stringently than passenger cars under two major laws—the Energy Policy and Conservation Act for fuel economy standards, and the Clean Air Act for emissions standards. These differences came about because at the time the laws were passed, light trucks were used differently, and because they represented a much smaller share of the automobile market. Over the past decade, however, these vehicles have dramatically increased their share of the new automobile market. Therefore, the share of total fuel consumption and emissions attributable to these vehicles has steadily increased. In response to this trend, the Environmental Protection Agency has ruled that by model year 2009, emissions from all light trucks and passenger cars will be regulated equally. However, between fiscal years 1996 and 2001, provisions in the Department of Transportation’s (DOT) annual appropriations prohibited DOT from changing fuel economy standards. The issue for Congress is whether these vehicles should continue to be treated differently from passenger cars. This report discusses the discrepancy between emissions and fuel economy standards for passenger cars and light trucks, how that discrepancy is changing, and legislative activity related to these issues. Introduction Sport utility vehicles and other light trucks are regulated through two laws that affect their fuel use and emissions: the Energy Policy and Conservation Act of 1975 (EPCA)1 and the Clean Air Act (CAA).2 EPCA first set fuel economy standards for the 1977 model year (MY1977).
    [Show full text]
  • China Light Vehicle Sales Update
    December 2018 China Light Vehicle Sales Update Will the Current Boom in China’s NEV Market Stand the Test of Time? China’s Passenger Vehicle (PV) sales in November fell by 15.7% year-on-year (YoY) to 2.24 mn units, while the Light Commercial Vehicle (LCV) sector increased by 5.1% YoY. This led to an overall decline in the Light Vehicle (LV) market of 13.7% YoY, on total sales of 2.54 mn units. PV production fell by 20.1% in the month, dragging year-to-date (YTD) growth down to -3.2%. Total LV output amounted to 24.04 mn units in the year to November, a decline of 2.6% YoY. The seasonally adjusted annualized rate (SAAR) of LV sales in November was 25.3 mn units, a 3.3% drop from October, the seventh consecutive month of month-on-month (MoM) decline, and a clear indication of an extended market downturn. The CADA dealer inventory index stood at 1.92 months at the end of November, 50% up compared with the same month last year, and 2% up on October. The rate was still above the warning level of 1.5 months and much higher than the levels recorded in the month of November over the last six years. The considerable pressure exerted by such inflated inventories on OEMs will continue to impact wholesales in December 2018 and into the first quarter of 2019. The decline in the PV market in November came as little surprise, given the elevated base set in the same month of 2017.
    [Show full text]
  • Automobile and Light Truck Fuel Economy: the CAFE Standards
    Order Code IB90122 Issue Brief for Congress Received through the CRS Web Automobile and Light Truck Fuel Economy: The CAFE Standards Updated April 2, 2003 Robert Bamberger Resources, Science, and Industry Division Congressional Research Service ˜ The Library of Congress CONTENTS SUMMARY MOST RECENT DEVELOPMENTS BACKGROUND AND ANALYSIS Refocusing on Fuel Economy: SUVs, OPEC, and Kyoto CAFE in Congress (1994-2000): Freezing the Standard The Freeze Is Thawed: CAFE in the 107th Congress Past Role of CAFE Standards Growth of Light-Duty Trucks and SUVs A Summary of the CAFE Debate in the 107th Congress NHTSA Rulemaking for MY2005-MY2007 Light Truck Fuel Economy Improving Fuel Economy: Other Policy Approaches The Hydrogen Initiative, FreedomCAR and the Partnership for a New Generation of Vehicles (PNGV) (1993-2003) Price of Gasoline CAFE and Reduction of Carbon Dioxide Emissions Historical Note on the CAFE Debate in the 102nd Congress LEGISLATION CONGRESSIONAL HEARINGS, REPORTS, AND DOCUMENTS IB90122 04-02-03 Automobile and Light Truck Fuel Economy: The CAFE Standards SUMMARY One of the least controversial provisions appropriated funds for any rulemaking on of the Energy Policy and Conservation Act of CAFE, effectively freezing the standards. 1975 (P.L. 94-163) established corporate However, facing growing concern over the average fuel economy (CAFE) standards for higher penetration of SUV sales as part of the new passenger cars. As oil prices rose, there national fleet, the Senate conferees to the was little expectation that manufacturers FY2001 appropriations insisted upon a study would have any difficulty complying with the of CAFE by the National Academy of Sci- standards.
    [Show full text]
  • Ford RSC 1 ROLL RATE BASED STABILITY CONTROL
    ROLL RATE BASED STABILITY CONTROL - THE ROLL STABILITY CONTROL ™ SYSTEM Jianbo Lu Dave Messih Albert Salib Ford Motor Company United States Paper Number 07-136 ABSTRACT precise detection of potential rollover conditions and driving conditions such as road bank and vehicle This paper presents the Roll Stability Control ™ loading, the aforementioned approaches need to system developed at Ford Motor Company. It is an conduct necessary trade-offs between control active safety system for passenger vehicles. It uses a sensitivity and robustness. roll rate sensor together with the information from the conventional electronic stability control hardware to In this paper, a system referred to as Roll Stability detect a vehicle's roll condition associated with a Control™ (RSC), is presented. Such a system is potential rollover and executes proper brake control designed specifically to mitigate vehicular rollovers. and engine torque reduction in response to the The idea of RSC, first documented in [10], was detected roll condition so as to mitigate a vehicular developed at Ford Motor Company and has been rollover. implemented on various vehicles within Ford Motor Company since its debut on the 2003 Volvo XC90. INTRODUCTION The RSC system adds a roll rate sensor and necessary control algorithms to an existing ESC system. The The traditional electronic stability control (ESC) roll rate sensor, together with the information from systems aim to control the yaw and sideslip angle of a the ESC system, help to effectively identify the moving vehicle through individual wheel braking and critical roll conditions which could lead to a potential engine torque reduction such that the desired path of vehicular rollover.
    [Show full text]
  • New Light Commercial Vehicles in China, 2010
    WHITE PAPER OCTOBER 2014 NEW LIGHT COMMERCIAL VEHICLES IN CHINA, 2010 TECHNOLOGY ASSESSMENT AND INTERNATIONAL COMPARISONS AUTHORS: JUN TU, WEI ZOU, AND HUI HE www.theicct.org [email protected] BEIJING | BERLIN | BRUSSELS | SAN FRANCISCO | WASHINGTON ACKNOWLEDGMENTS The authors are grateful to John German, Anup Bandivadekar and Zifei Yang for providing constructive comments. This project was sponsored by ClimateWorks Foundation. © 2014 International Council on Clean Transportation 1225 I Street NW, Suite 900, Washington DC 20005 www.theicct.org | [email protected] TABLE OF CONTENTS 1. EXECUTIVE SUMMARY ........................................................................................................ ii 2. INTRODUCTION .....................................................................................................................1 2.1 Objectives ............................................................................................................................................. 1 2.2 Background .......................................................................................................................................... 1 2.3 Existing literature and added values of this study............................................................... 3 2.4 Organization .......................................................................................................................................4 3. DATA DESCRIPTION ...........................................................................................................
    [Show full text]
  • Trucks and Heavy-Duty Vehicles Technical Requirements and Gaps for Lightweight and Propulsion Materials
    VEHICLE TECHNOLOGIES OFFICE WORKSHOP REPORT: Trucks and Heavy-Duty Vehicles Technical Requirements and Gaps for Lightweight and Propulsion Materials February 2013 FINAL REPORT This report was prepared as an account of work sponsored by an agency of the United States government. Neither the United States government nor any agency thereof, nor any of their employees, makes any warranty, express or implied, or assumes any legal liability or responsibility for the accuracy, completeness, or usefulness of any information, apparatus, product, or process disclosed, or represents that its use would not infringe privately owned rights. Reference herein to any specific commercial product, process, or service by trade name, trademark, manufacturer, or otherwise, does not necessarily constitute or imply its endorsement, recommendation, or favoring by the United States government or any agency thereof. The views and opinions of authors expressed herein do not necessarily state or reflect those of the United States government or any agency thereof. WORKSHOP REPORT: Trucks and Heavy-Duty Vehicles Technical Requirements and Gaps for Lightweight and Propulsion Materials EXECUTIVE SUMMARY The Vehicle Technologies Office (VTO) hosted a Lightweight and Propulsion Materials Workshop in March 2011 in Dearborn, Michigan. The Materials area of the Vehicle Technologies Office focuses on developing lightweight materials for structures and propulsion materials for more efficient powertrain systems. This meeting focused on gaining industry’s perspective on the out-year material requirements of trucks and heavy duty vehicles (HDVs) as well as current technology gaps that limit adoption of designs utilizing these lighter weight materials. The industry experts who participated in this workshop included original equipment manufacturers (OEMs) tier-one suppliers and materials suppliers to the light truck and HDV value chain.
    [Show full text]
  • California Auto Outlook
    California Auto Outlook TM Publication Sponsored By: Comprehensive information on the California vehicle market Volume 16, Number 3 Released August 2020 Covering Second Quarter 2020 Sales Low Point Likely Reached in Second Quarter; 11 Percent Increase Predicted for 2021 California Annual New Light Vehicle Registrations - 2008 thru 2021 New vehicle registrations in Cal- ifornia are expected to decline to 2.5 2.21 1.63 million units in 2020, down 2.16 2.20 2.15 2.09 ANNUAL 1.93 22 percent from last year. 1.80 1.81 2.0 1.62 1.63 TRENDS 1.45 Latest projections are for the 1.29 1.5 1.17 1.04 market to exceed 1.8 million units 1.0 in 2021, an increase of more than 10 percent from this year. 0.5 Although the trend is positive, New vehicle regs. (millions) 0.0 sales will be subject to periods '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20* '21* of ups and downs due to possible Years surges in the virus and any busi- Historical data source: AutoCount data from Experian. *‘20 and ‘21 forecasts by Auto Outlook. ness shutdowns. California Total New Light Vehicle Registrations and U.S. New Vehicle Sales - YTD 2019 & 2020, thru June California U.S. YTD '19 YTD '20 Change YTD '19 YTD '20 Change Registrations California new light vehicle mar- TWO YEAR TOTAL 1,075,658 786,219 -26.9% 8,471,317 6,480,506 -23.5% ket declined 26.9 percent during Car 457,835 294,783 -35.6% 2,523,734 1,620,012 -35.8% the first six months of this year PERSPECTIVE Light Truck 617,823 491,436 -20.5% 5,947,583 4,860,494 -18.3% versus a year earlier.
    [Show full text]
  • Population and Activity of On-Road Vehicles in MOVES201X
    Population and Activity of On-road Vehicles in MOVES201X August, 2017 Assessment and Standards Division Office of Transportation and Air Quality Office of Air and Radiation U.S. Environmental Protection Agency Disclaimer This technical report does not necessarily represent final EPA decisions or positions. It is intended to present technical analysis of issues using data that are currently available. The purpose of the release of such reports is to facilitate the exchange of technical information and to inform the public of technical developments which may form the basis for a final EPA decision, position, or regulatory action. Table of Contents 1. Introduction ............................................................................................................................. 5 2. MOVES Vehicle and Activity Classifications ........................................................................ 9 2.1. HPMS Class .................................................................................................................... 9 2.2. Source Use Types ........................................................................................................... 9 2.3. Regulatory Classes ........................................................................................................ 10 2.4. Fuel Types ..................................................................................................................... 11 2.5. Road Types ..................................................................................................................
    [Show full text]
  • San Diego Auto Outlook
    Covering Fourth Quarter 2018 Volume 19, Number 1 San Diego Auto Outlook Comprehensive information on the San Diego County new vehicle market FORECAST New Vehicle Sales Should Remain Strong in 2019 Below is a summary of eight key trends and Alternative powertrain market improves Non Luxury SUVs account for 32% of market developments in the San Diego County new County registrations of hybrid and electric cars Market share for Non Luxury SUVs increased vehicle market. and trucks increased 30% during the first 11 to 32% during the first eleven months of last months of 2018, while the overall market de- year. Small Car market share has fallen by County new retail light vehicle registrations clined the entire year. more than eight points during the past five exceeded 150,000 units in 2018 years. The new vehicle market declined slightly last Toyota, Honda, Ford, Nissan, and Chevrolet year, but sales remained at elevated levels. are leaders in county market 2018 marked the fifth consecutive year that Toyota was the best selling brand last year, Percent Change in County new registrations exceeded 145,000 units, with a 17.6% share. Honda’s county share was Light Truck and Car Registrations which is a lofty total for the county market. 12.2%, well above its 10.0% share in the U.S. 2018* vs. 2017 New vehicle sales likely to soften in 2019 Tesla, Alfa Romeo, Volvo, Land Rover, and Light Trucks (Pickups, SUVs, and Vans) There are a few signs pointing to a market Subaru posted gains slowdown. GDP growth appears to be easing New retail registrations for each of these five UP while there are increasing concerns about brands were up more than 5% from 2017 to 2.0% financial market stability and the prospects 2018.
    [Show full text]
  • California Auto Outlook
    California Auto Outlook TM Publication Sponsored By: Comprehensive information on the California vehicle market Volume 16, Number 1 Released February 2020 Covering Fourth Quarter 2019 State New Vehicle Market Predicted to Remain Strong in 2020 California Annual New Light Vehicle Registrations - 2008 thru 2020 New vehicle registrations in California are expected to slip to 2.5 1.82 million units in 2020. ANNUAL 2.05 2.09 2.05 2.00 1.85 1.89 2.0 1.71 1.82 The state’s new vehicle market is 1.53 TRENDS 1.40 predicted to decline 3.7 percent 1.5 1.22 1.04 1.11 from 2019 to 2020, a smaller 1.0 decline than the 5.5 percent drop in 2019. 0.5 New vehicle regs. (millions) Although the market is shifting 0.0 lower, new vehicle registrations '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20* this year should exceed the 2009 Years total by more than 780,000 units. Historical data source: IHS *2020 forecast by Auto Outlook. California and U.S. Total New Light Vehicle Registrations - YTD thru September California U.S. 2018 2019 Change 2018 2019 Change Registrations California new light vehicle TWO YEAR TOTAL 2,002,047 1,892,672 -5.5% 17,115,072 16,931,012 -1.1% market declined 5.5 percent PERSPECTIVE Car 896,525 787,397 -12.2% 5,337,244 4,760,967 -10.8% from 2018 to 2019, while the Light Truck 1,105,522 1,105,275 0.0% 11,777,828 12,170,045 3.3% U.S.
    [Show full text]