NEW-VEHICLE INVENTORY - Cox Automotive

NEW-VEHICLE INVENTORY

AS OF AUGUST 23, 2021

NEW-VEHICLE INVENTORY DAYS OF SUPPLY STABILIZING

Supply situation bad ? 1.4 million fewer vehicles than 2020, and over 2.5 million lower than 2019

Available Supply weekly

4,500 ,000

4,000 ,000

3,500 ,000

3,000 ,000

2,500 ,000

2,000 ,000

1,500 ,000 1,000 ,000

-57%

500,0 00

0

2021

2020

2019

Days of Supply weekly 200 180 160 140 120 100

80 60 40

-47%

20 0

2021

2020

2019

2021-01-04 2021-02-01 2021-03-01 2021-03-29 2021-04-26 2021-05-24 2021-06-21 2021-07-19 2021-08-16 2021-01-04 2021-02-01 2021-03-01 2021-03-29 2021-04-26 2021-05-24 2021-06-21 2021-07-19 2021-08-16

Source: Cox Automotive VMA Database

2

NEW-VEHICLE ROLLING SALES PACE FALLING RAPIDLY FROM LIMITED SUPPLY

Consumer interest remains robust as economic recovery continues but lack of product limiting sales

30-Day Retail Sales weekly 1,800 ,000 1,600 ,000 1,400 ,000 1,200 ,000 1,000 ,000

800,0 00 600,0 00 400,0 00

- 19% v 2020, - 23% v 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 2021-07-05 2021-07-19 2021-08-02 2021-08-16

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 $43,0 00 $42,0 00 $41,0 00 $40,0 00 $39,0 00 $38,0 00 $37,0 00 $36,0 00 $35,0 00 $34,0 00 $33,0 00

+10% v 2020, +16% v 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 2021-07-05 2021-07-19 2021-08-02 2021-08-16

Source: Cox Automotive VMA Database

4

AVERAGE LISTING PRICE AT A NEW PEAK ? $42,000+

Prices still growing, now 9+% rate, keeping affordability a major headwind

Average Listing Price weekly

$43,000 $42,000 $41,000 $40,000 $39,000 $38,000 $37,000 $36,000

YOY Change weekly, last 12 months

12.0% 10.0%

8.0% 6.0% 4.0% 2.0% 0.0%

2019-08-26 2019-10-21 2019-12-16 2020-02-10 2020-04-06 2020-06-01 2020-07-27 2020-09-21 2020-11-16 2021-01-11 2021-03-08 2021-05-03 2021-06-28 2021-08-23

2020-08-24 2020-09-21 2020-10-19 2020-11-16 2020-12-14 2021-01-11 2021-02-08 2021-03-08 2021-04-05 2021-05-03 2021-05-31 2021-06-28 2021-07-26 2021-08-23

Source: vAuto /Cox Automotive VMA Database

5

BRAND INVENTORY SUPPLY SITUATION VARIES SIGNIFICANTLY

Toyota, Kia, Honda have extremely tight inventories

Days Of Supply

80 70 60 50 40 30 20 10

0

Toyota Kia

Lexus Honda

GMC Chevrolet

Subaru Land Rover

Porsche Mercedes-Benz

Nissan Audi

Mazda NATION

Acura Mi tsu bi shi

Ca di lla c Volksw ag en

BMW Dodge

Buick Hyundai

Jeep Jaguar Chrysler

Volvo Ford Gen esi s INFINITI Ram Lincoln

Source: Cox Automotive VMA Database

6

BRAND INVENTORY TOYOTA AND HONDA SALES FAR EXCEED SUPPLY

Ford, Jeep, Ram have supply but product configuration complexity likely constraining sales

Available Supply and Last 30-Days Sales

180,000 160,000 140,000 120,000 100,000

80,000 60,000 40,000 20,000

0

SoldLast30 ActiveSupply

Toyot a Kia

Honda Chevrolet

Sub aru Merce des-Ben z

Nis sa n Volkswagen

BM W Hyu ndai

Jeep Ford Ram

Source: Cox Automotive VMA Database

7

SEGMENT INVENTORY MINIVAN, BIG SUVS TIGHT, CARS NOT SO MUCH

Some segments, like large pickups, rising as sales decline rapidly

Days of Supply

50 45 40 35 30 25 20 15 10

5 0 HiLguhxPueryrfFourmll-asnizceeSCUaVr /CrossovCerompacStuCbacrompact CaFrull-sMizienSivUCanVom/Cpraocsst oSvUeVr /MCirdo-sssizoevePrickLuupxuTrryucMMkiidd--ssiizzeeSCHUayVrb/rCidro/Aslsteorvneartive EnergLyuxuNryASTuEIOblecNocmtricpaVcSethuSibcUcleVom/Cpraocsst oSvUeMVrid/C-sroizsesoSvUeVr /CrossoverLuxury Car LHuixguhr-yVenaCdnoLmupxaucrtySCUaVr /FCurlol-sssizoevePricEknutpry-Tleruvcekl Luxury Car Sports CaFrull-size Car

Source: Cox Automotive VMA Database

8

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download