Comprehensive information on the Colorado new and used ...

[Pages:5]Released: May 2019

Colorado Auto Outlook TM

Comprehensive information on the Colorado new and used vehicle market

Covering data thru April 2019 Sponsored by:

YTD `19 thru April % Change In

New Retail Market vs. Year Earlier

Colorado

-3.2%

U.S.

-4.4%

Colorado and U.S. New Retail Light Vehicle Registrations

YTD thru Apr. '18 YTD thru Apr. '19* % change

Colorado 63,831 61,787 -3.2%

Mar. '18 and Apr. '18 combined Mar. '19 and Apr. '19* combined % change

47,698 44,400

-6.9%

*Figures for April 2019 were estimated by Auto Outlook. Data Source: IHS.

U.S. 4,384,536 4,193,696

-4.4%

3,355,503 3,211,754

-4.3%

QUICK FACTS

State new vehicle market declined 3.2% during the first four months of 2019 versus a year earlier. U.S. market was off 4.4%.

Light truck registrations in the state declined 1.4% so far this year, while passenger cars were off 9.7%

Used vehicle registrations increased 3.2% during the first three months of this year (only includes vehicles seven years old or newer.)

Percent Change in Colorado and U.S. New Vehicle Markets

50.0%

25.0%

0.0% -25.0%

-4.2% -2.3%

-50.0%

Apr. '19* v. Apr. '18

*April 2019 figures were estimated by Auto Outlook.

The Colorado market has out-performed the Nation during the first four months of 2019.

-6.9%

-4.3%

Feb. '19 thru Apr. '19* v. Feb. '18 thru Apr. '18

CO

-3.2% -4.4%

U.S.

YTD '19 thru Apr.* v. YTD '18 thru Apr.

Data Source: IHS.

Data Information

All data represents new and used retail registrations in Colorado and excludes fleet transactions. Year-to-date figures are more reflective of market results. Data Source: IHS.

Page 2

Change in YTD New Retail Light Vehicle

Registrations

LIGHT TRUCKS

DOWN 1.4%

Covering data thru April 2019

PASSENGER CARS DOWN 9.7%

April

MARKET SUMMARY TOTAL

Colorado 2018 2019*

15,480 14,826

Cars Light Trucks

3,503 11,977

3,097 11,729

Domestic

6,137

European

1,895

Japanese

6,598

Korean

850

BRAND REGISTRATIONS

Acura

124

Alfa Romeo

23

Audi

267

BMW

297

Buick

173

Cadillac

78

Chevrolet

1,271

Chrysler

58

Dodge

300

FIAT

11

Ford

1,817

Genesis

13

GMC

430

Honda

1,151

Hyundai

474

Infiniti

95

Jaguar

23

Jeep

1,110

Kia

350

Land Rover

103

Lexus

267

Lincoln

77

Maserati

7

Mazda

373

Mercedes

392

MINI

72

Mitsubishi

60

Nissan

691

Other

33

Porsche

71

Ram

659

Subaru

1,656

Tesla

151

Toyota

2,180

Volkswagen

483

Volvo

140

5,818 1,748 6,418

842

118 19 203 292 174 72 1,167 35 222

7 1,675

19 428 1,120 477

87 24 992 346 112 256 70 7 310 325 49 51 742 0 63 798 1,732 185 2,002 511 136

Colorado New Retail Car and Light Truck Registrations

Three Month Period Feb. '19 thru Apr. '19*

YTD thru April*

Colorado

Colorado

% chg.

2018

2019 % chg.

2018

2019

-4.2%

-11.6% -2.1%

-5.2% -7.8% -2.7% -0.9%

47,698

10,521 37,177

18,132 5,720

21,196 2,650

44,400

9,022 35,378

17,014 5,248

19,608 2,530

-6.9%

-14.2% -4.8%

-6.2% -8.3% -7.5% -4.5%

63,831

13,971 49,860

24,142 7,773

28,419 3,497

61,787

12,609 49,178

23,937 7,096

27,271 3,483

-4.8% -17.4% -24.0% -1.7%

0.6% -7.7% -8.2% -39.7% -26.0% -36.4% -7.8% 46.2% -0.5% -2.7% 0.6% -8.4% 4.3% -10.6% -1.1% 8.7% -4.1% -9.1% 0.0% -16.9% -17.1% -31.9% -15.0% 7.4% -100.0% -11.3% 21.1% 4.6% 22.5% -8.2% 5.8% -2.9%

401 58 901 930 510 239 3,700 169 801 42 5,315 21 1,398 3,595 1,475 275 66 3,639 1,133 323 781 205 26 1,117 1,020 225 183 2,240 69 209 1,893 5,570 249 7,032 1,510 378

425 68 755 940 408 201 3,298 122 648 17 4,803 27 1,277 3,437 1,527 207 80 3,079 976 291 803 258 21 934 940 136 146 2,250 23 193 2,270 5,362 644 6,043 1,406 385

6.0% 17.2% -16.2% 1.1% -20.0% -15.9% -10.9% -27.8% -19.1% -59.5% -9.6% 28.6% -8.7% -4.4%

3.5% -24.7% 21.2% -15.4% -13.9%

-9.9% 2.8% 25.9% -19.2% -16.4% -7.8% -39.6% -20.2% 0.4% -66.7% -7.7% 19.9% -3.7% 158.6% -14.1% -6.9% 1.9%

524 82 1,185 1,310 635 320 4,970 236 989 60 7,060 40 1,924 4,816 1,913 382 98 4,771 1,504 425 1,050 295 31 1,447 1,432 289 261 2,995 98 274 2,536 7,537 391 9,405 2,019 527

592 89 1,036 1,293 566 302 4,536 164 865 20 6,658 30 1,850 4,751 2,118 281 108 4,214 1,335 389 1,103 374 29 1,300 1,219 181 209 3,058 36 268 3,139 7,433 1,262 8,542 1,891 546

% chg.

-3.2%

-9.7% -1.4%

-0.8% -8.7% -4.0% -0.4%

13.0% 8.5% -12.6% -1.3% -10.9% -5.6% -8.7% -30.5% -12.5% -66.7% -5.7% -25.0% -3.8% -1.3% 10.7% -26.4% 10.2% -11.7% -11.2% -8.5% 5.0% 26.8% -6.5% -10.2% -14.9% -37.4% -19.9% 2.1% -63.3% -2.2% 23.8% -1.4% 222.8% -9.2% -6.3% 3.6%

YTD Market Share (%)

Colorado 2018 2019 Chg.

21.9 20.4 -1.5 78.1 79.6 1.5

37.8 38.7 0.9 12.2 11.5 -0.7 44.5 44.1 -0.4 5.5 5.6 0.2

0.8 1.0 0.1 0.1 0.1 0.0 1.9 1.7 -0.2 2.1 2.1 0.0 1.0 0.9 -0.1 0.5 0.5 0.0 7.8 7.3 -0.4 0.4 0.3 -0.1 1.5 1.4 -0.1 0.1 0.0 -0.1 11.1 10.8 -0.3 0.1 0.0 0.0 3.0 3.0 0.0 7.5 7.7 0.1 3.0 3.4 0.4 0.6 0.5 -0.1 0.2 0.2 0.0 7.5 6.8 -0.7 2.4 2.2 -0.2 0.7 0.6 0.0 1.6 1.8 0.1 0.5 0.6 0.1 0.0 0.0 0.0 2.3 2.1 -0.2 2.2 2.0 -0.3 0.5 0.3 -0.2 0.4 0.3 -0.1 4.7 4.9 0.3 0.2 0.1 -0.1 0.4 0.4 0.0 4.0 5.1 1.1 11.8 12.0 0.2 0.6 2.0 1.4 14.7 13.8 -0.9 3.2 3.1 -0.1 0.8 0.9 0.1

Top ten brands shaded gray. Data Source: IHS. *April 2019 figures were estimated by Auto Outlook.

Page 3

Percent Change in Brand Registrations YTD 2019 thru April* vs. YTD 2018 (Top 30 selling brands)

Tesla

222.8%

Lincoln

26.8%

Ram

23.8%

Acura

13.0%

Hyundai

10.7%

Lexus

5.0%

Volvo

3.6%

Nissan

2.1%

BMW

-1.3%

Honda

-1.3%

Subaru

-1.4%

Porsche

-2.2%

GMC

-3.8%

Cadillac

-5.6%

Ford

-5.7%

Volkswagen

-6.3%

Land Rover

-8.5%

Chevrolet

-8.7%

Toyota

-9.2%

Mazda -10.2%

Buick -10.9%

Kia -11.2%

Jeep -11.7%

Dodge -12.5%

Audi -12.6%

Mercedes -14.9%

Mitsubishi -19.9%

Infiniti -26.4%

Chrysler -30.5%

MINI -37.4%

-100.0%

0.0%

100.0%

200.0%

300.0%

Percent change in registrations

Registrations increased by more than 10% for Tesla, Lincoln, Ram, Acura, Hyundai, and Lexus

Covering data thru April 2019

Colorado and U.S. Market Share YTD 2019 thru April*

(Top 20 selling brands in state)

Toyota

13.8% 12.8%

Subaru

4.8%

12.0%

Ford

10.8% 11.3%

Honda

7.7% 10.5%

Chevrolet

7.3% 11.0%

Jeep

6.8% 5.7%

Ram

5.1% 3.7%

Nissan

4.9% 6.2%

Hyundai

3.4% 3.7%

Volkswagen

3.1% 2.3%

GMC

3.0% 3.3%

Kia

2.2% 3.6%

Mazda

2.1% 1.8%

BMW

2.1% 2.1%

Tesla

2.0% 1.3%

Mercedes

2.0% 2.1%

Lexus

1.8% 2.0%

Audi

1.7% 1.3%

Dodge

1.4% 1.7%

State

U.S.

Acura

1.0% 1.1%

0.0%

5.0%

10.0%

15.0%

Market Share

Toyota, Subaru, Ford, Honda, and Chevrolet were market share leaders in Colorado

Data Source: IHS. *April 2019 figures were estimated by Auto Outlook.

Page 4

HYBRID AND ELECTRIC VEHICLES

Covering data thru April 2019

Quarterly Alternative Powertrain Market Share (includes hybrid and electric vehicles)

Market Share

5.0% 4.5% 4.0% 3.5% 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0%

Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 16 16 16 17 17 17 17 18 18 18 18 19

Hybrid

Plug In Hybrid

Electric

The graph above shows hybrid powertrain and electric vehicle quarterly market share in the state. Source: IHS.

New Retail Hybrid, Plug In Hybrid, and Electric Vehicle Registrations

Top 20 Selling Models in Colorado - YTD 2019 thru March

Rank Model

Type

Regs.

1 Tesla Model 3

Electric

848

2 Nissan Leaf

Electric

250

3 Jeep Wrangler

Hybrid

135

4 Lexus RX

Hybrid

135

5 Tesla Model X

Electric

132

6 Toyota Highlander Hybrid

121

7 Tesla Model S

Electric

97

8 Chevrolet Bolt

Electric

80

9 Toyota Camry

Hybrid

76

10 Chevrolet Volt

Plug In

70

11 Toyota Prius

Hybrid

58

12 Lexus NX

Hybrid

53

13 Toyota Prius

Plug In

52

14 Honda Accord

Hybrid

49

15 Honda Insight

Hybrid

49

16 Kia Niro

Hybrid

40

17 MINI Countryman Plug In

39

18 Toyota RAV4

Hybrid

35

19 Honda Clarity

Plug In

35

20 Hyundai Ioniq

Hybrid

33

Source: IHS.

VEHICLE SEGMENTS

Segment Market Shares YTD 2018 thru April

Non Luxury Md Size & Large Cars, Luxury & Sports 5% Cars, 5%

Luxury SUVs, 9% Small Cars, 12%

Non Luxury SUV Market Share in `18:

46%

Non Luxury SUVs, 46%

Segment Market Shares YTD 2019 thru April*

Non Luxury Md

Size & Large Cars, Luxury & Sports 5%

Cars, 5%

Luxury SUVs, 10% Small Cars, 10%

Non Luxury SUV Market Share in `19:

47%

Non Luxury SUVs, 47%

Pickups and Vans, 23%

Source: IHS.

Pickups and Vans, 23%

The two graphs above show market shares for primary segments during the first four months of 2018 and 2019. *April `19 figures estimated by Auto Outlook.

Page 5

Covering data thru April 2019

Colorado Used Retail Car and Light Truck Registrations (only includes vehicles 7 years old or newer)

March

YTD thru March

YTD Market Share (%)

TOTAL Acura Audi BMW Buick Cadillac Chevrolet Chrysler Dodge FIAT Ford GMC Honda Hyundai Infiniti Jaguar Jeep Kia Land Rover Lexus Lincoln Mazda Mercedes MINI Mitsubishi Nissan Porsche Subaru Toyota Volkswagen Volvo Others

2018

2019 % chg.

2018

2019

% chg.

2018

2019

Chg.

20,879 20,940

0.3% 63,527 65,591

3.2%

205

221

7.8%

625

653

4.5%

1.0

1.0

0.0

432

409

-5.3%

1,342

1,377

2.6%

2.1

2.1

0.0

519

605

16.6%

1,608

1,731

7.6%

2.5

2.6

0.1

249

181 -27.3%

784

535 -31.8%

1.2

0.8

-0.4

245

180 -26.5%

812

640 -21.2%

1.3

1.0

-0.3

2,267

2,020 -10.9%

6,708

6,188

-7.8%

10.6

9.4

-1.1

289

219 -24.2%

798

770

-3.5%

1.3

1.2

-0.1

1,631

1,563

-4.2%

4,654

4,683

0.6%

7.3

7.1

-0.2

43

40

-7.0%

145

115 -20.7%

0.2

0.2

-0.1

2,948

3,106

5.4%

9,003

9,810

9.0%

14.2

15.0

0.8

731

718

-1.8%

2,393

2,255

-5.8%

3.8

3.4

-0.3

791

858

8.5%

2,726

2,679

-1.7%

4.3

4.1

-0.2

897

813

-9.4%

2,544

2,635

3.6%

4.0

4.0

0.0

259

309

19.3%

766

939

22.6%

1.2

1.4

0.2

31

32

3.2%

75

86

14.7%

0.1

0.1

0.0

1,363

1,399

2.6%

4,151

4,308

3.8%

6.5

6.6

0.0

673

611

-9.2%

1,847

1,909

3.4%

2.9

2.9

0.0

117

148

26.5%

360

483

34.2%

0.6

0.7

0.2

330

405

22.7%

1,005

1,264

25.8%

1.6

1.9

0.3

97

101

4.1%

287

333

16.0%

0.5

0.5

0.1

276

360

30.4%

860

1,131

31.5%

1.4

1.7

0.4

383

422

10.2%

1,209

1,283

6.1%

1.9

2.0

0.1

115

99 -13.9%

367

288 -21.5%

0.6

0.4

-0.1

91

150

64.8%

255

397

55.7%

0.4

0.6

0.2

1,839

1,843

0.2%

5,447

5,754

5.6%

8.6

8.8

0.2

74

93

25.7%

243

254

4.5%

0.4

0.4

0.0

1,183

1,358

14.8%

3,835

4,177

8.9%

6.0

6.4

0.3

2,134

1,986

-6.9%

6,615

6,544

-1.1%

10.4

10.0

-0.4

505

532

5.3%

1,530

1,806

18.0%

2.4

2.8

0.3

107

103

-3.7%

357

360

0.8%

0.6

0.5

0.0

55

56

1.8%

176

204

15.9%

0.3

0.3

0.0

Source: IHS.

Change in Used Vehicle Market Share by Age of Vehicle YTD 2019 thru March vs. YTD 2018

Change in market share

3.0

2.4

2.0

1.0

0.0

-1.0

-2.0

-3.0 4 yrs. old

Market share for four year old vehicles increased by 2.4 share points.

0.2

0.1

0

-0.1

7 yrs. old

6 yrs. old

2 yrs. old

< 1 yr.

Source: IHS.

Colorado Auto Outlook

Copyright Auto Outlook, Inc., May 2019

Published for: Colorado Auto. Dealers Assoc. 290 East Speer Boulevard Denver, CO 80203 Phone: 303-831-1722

-0.5

-0.7

-1.4

1 yr. old

5 yrs. old

3 yrs. old

Published by: Auto Outlook, Inc. PO Box 390 Exton, PA 19341 Email: autooutlook@

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