NEW-VEHICLE INVENTORY AS OF JUNE 21, 2021 NEW-VEHICLE INVENTORY DAYS OF SUPPLY REMAINS TIGHT
Supply situation worsening – 1.5 million fewer vehicles than 2020, and over 2.5 million lower than 2019
Available Supply weekly Days of Supply weekly 4,500,000 200
4,000,000 180
3,500,000 160 140 3,000,000 120 2,500,000 100 2,000,000 80 1,500,000 -57% 60 1,000,000 40 500,000 20 -64% 0 0
2021 2020 2019 2021 2020 2019 2021-01-04 2021-01-18 2021-02-01 2021-02-15 2021-03-01 2021-03-15 2021-03-29 2021-04-12 2021-04-26 2021-05-10 2021-05-24 2021-06-07 2021-06-21 2021-01-04 2021-01-18 2021-02-01 2021-02-15 2021-03-01 2021-03-15 2021-03-29 2021-04-12 2021-04-26 2021-05-10 2021-05-24 2021-06-07 2021-06-21
Source: Cox Automotive VMA Database 2 NEW-VEHICLE ROLLING SALES ABOVE 2019 PACE BUT SLOWING
Sales were strong even though inventory is tight, but headwind is growing
30 Day Retail Sales weekly 1,800,000 +18% v 2020, +2% v 2019
1,600,000
1,400,000
1,200,000
1,000,000
800,000
600,000
400,000
2021 2020 2019 2021-01-04 2021-01-18 2021-02-01 2021-02-15 2021-03-01 2021-03-15 2021-03-29 2021-04-12 2021-04-26 2021-05-10 2021-05-24 2021-06-07 2021-06-21
Source: Cox Automotive VMA Database 3 NEW-VEHICLE LISTING PRICE ELEVATED AND LIKELY TO GO HIGHER
Price trends higher through the year as next year product introductions, but now shifted on to a higher level
30 Day Retail Sales weekly $42,000 +7% v 2020, +12% v 2019
$41,000
$40,000
$39,000
$38,000
$37,000
$36,000
$35,000
$34,000
2021 2020 2019 2021-01-04 2021-01-18 2021-02-01 2021-02-15 2021-03-01 2021-03-15 2021-03-29 2021-04-12 2021-04-26 2021-05-10 2021-05-24 2021-06-07 2021-06-21
Source: Cox Automotive VMA Database 4 AVERAGE LISTING PRICE PEAKED, BACKED OFF, NOW RISING AGAIN
Prices still growing at nearly a 6+% rate keeping affordability a major headwind
Average Listing Price weekly YOY Change weekly, last 12 months
$42,000 8.0%
7.0% $41,000 6.0%
$40,000 5.0%
$39,000 4.0%
3.0% $38,000 2.0%
$37,000 1.0%
$36,000 0.0% 2020-06-22 2020-07-20 2020-08-17 2020-09-14 2020-10-12 2020-11-09 2020-12-07 2021-01-04 2021-02-01 2021-03-01 2021-03-29 2021-04-26 2021-05-24 2021-06-21 2019-06-24 2019-08-19 2019-10-14 2019-12-09 2020-02-03 2020-03-30 2020-05-25 2020-07-20 2020-09-14 2020-11-09 2021-01-04 2021-03-01 2021-04-26 2021-06-21
Source: vAuto /Cox Automotive VMA Database 5 BRAND INVENTORY SUPPLY SITUATION VARIES SIGNIFICANTLY
Toyota, Kia, Chevrolet, and some imported luxury brands have tight inventories
Days Of Supply
80
70
60
50
40
30
20
10
0 Kia Audi Ford Ram Jeep FIAT GMC BMW Buick Volvo Acura Lexus Honda Dodge Mazda Toyota Jaguar Nissan Lincoln Subaru Cadillac Hyundai Porsche Genesis Chrysler NATION INFINITI Chevrolet Mitsubishi Land Rover Land Alfa Romeo Alfa Volkswagen Mercedes-Benz
Source: Cox Automotive VMA Database 6 SEGMENT INVENTORY MINIVAN, BIG SUVS TIGHT, CARS NOT SO MUCH
People movers have less availability while expensive cars have much more
Days Of Supply
60
50
40
30
20
10
0
Van Min ivan NATION Luxury Car Sports Car Compact Car Mid -size Car Full-size Car Electric Vehicle Subcompact Car High-end Luxury Car Mid -size Pickup Truck Full-size Pickup Truck Entry-level Luxury Car Full-size SUV/CrossoverCompact SUV/Crossover Mid -size SUV/Crossover
Hybrid/Alternative Energy Car Subcompact SUV/Crossover Luxury Full-size SUV/Crossover Luxury Mid-size SUV/Crossover Luxury Compact SUV/Crossover Luxury Subcompact SUV/Crossover
Source: Cox Automotive VMA Database 7 TOP 20 DMA INVENTORY FLORIDA - TEXAS TIGHT, NE - WEST LESS SO
All large volume markets have tighter supply, but some more than others
Days Of Supply
32
30
28
26
24
22
20
Atlanta Denver Boston Detroit Houston NATION Phoenix Chicago Charlotte Cleveland New York Los Angeles Philadelphia Washington DC Dallas - Ft Worth Seattle - Tacoma
Miami - Ft Lauderdale Minneapolis - St Paul Tampa - St Petesarasota
Orlando - Daytona Bch - Melbrn San Francisco - Oak - San Jose
Source: Cox Automotive VMA Database 8 TOP 30 NAMEPLATES INVENTORY SOME ARE EXTREMELY TIGHT
Subaru and Toyota’s big sellers hard to get
Days Of Supply
50 45 40 35 30 25 20 15 10 5 0
Kia Forte NATION Ram 1500 Ford F-150Honda Pilot Honda CR-V Toyota RAV4 Kia Sportage Honda HR-V Mazda CX-5 Ford Escape Toyota Corolla Jeep Wrangler Toyota Camry Nissan SentraNissan Rogue Ford Explorer Subaru Forester Hyundai Tucson Subaru OutbackHyundai Elantra GMC Sierra 1500 Toyota Highlander Ford Bronco Sport Chevrolet TraverseHonda Civic Sedan Chevrolet Equinox Toyota Tacoma 4WD Honda Accord Sedan Jeep Grand Cherokee Chevrolet Silverado 1500
Source: Cox Automotive VMA Database 9 For more information:
Dara Hailes Manager, Public Relations Cox Automotive [email protected]
Mark Schirmer Director, Public Relations Cox Automotive [email protected]
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