State of automotive finance market
[Pages:38]State of automotive finance market
Introducing:
Melinda Zabritski Experian
Contents
1. Vehicle registration trends 2. Outstanding automotive financing 3. Originations update
3 ?Experian 4/12/2017 Experian Public Vision 2017
Vehicle registration trends
4 ?Experian 4/12/2017 Experian Public Vision 2017
U.S. vehicles in operation
Q4 2015
258
million
Vehicles on the road
17.3*
NEW
VEHICLES
41.9*
USED
VEHICLES
DEALER
EXIT 93*
Out of Operation
Q4 2015
266
million
Vehicles on the road
198.2*
NO
CHANGES
* In millions; Q4 2016 includes Puerto Rico, Q4 2015 does not
Source: Experian Automotive as of December 31, 2016 (U.S. light duty vehicles only)
5 ?Experian 4/12/2017 Experian Public Vision 2017
U.S. passenger car and light truck surpassed 17 million
units for the second consecutive year
New vehicle registrations all sales categories through December 2016
16.02
13.18
10.15
Annual new registrations
11.62
12.70
14.31
15.27
16.26
17.12
17.30
New vehicle registrations (millions)
2007
Source: Experian Automotive
2008
2009
6 ?Experian 4/12/2017 Experian Public Vision 2017
2010
2011
2012
2013
2014
2015
2016
Gains in annual new vehicle registrations have been steadily declining since 2012
% YOY change
20% 15% 10%
5% 0% -5% -10% -15%
-20% -17.72%
-25%
2008
Source: Experian Automotive
Year-over-year change in new vehicle registrations
14.56%
9.26%
12.65%
6.73%
6.52%
-23.05% 2009
2010
2011
2012
2013
2014
7 ?Experian 4/12/2017 Experian Public Vision 2017
5.29% 2015
1.03% 2016
Retail registrations were nearly unchanged from 2015, but fleet categories experienced significant gains
Government
2015 vs. 2016 change by sales category
Commercial/Taxi
5.59%
Rental/Lease
0.91%
Retail 0.09%
0%
2%
4%
Source: Experian Automotive
8 ?Experian 4/12/2017 Experian Public Vision 2017
6%
8%
10%
12%
Year-over-year change
13.69%
14%
16%
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