SAAR | Jotup

July New-Vehicle Sales Pace Still Constrained but Transaction Prices and Dealer Profits Remain at Record Levels

Retrieved on:

Mittwoch, Juli 27, 2022

Marketing, Communications, Aftermarket, General Automotive, Automotive, J.D. Power, MSRP, SAAR, Growth, Insurance, Industry, Cryptocurrency, Health insurance

Comparing the same sales volume without adjusting for the number of selling days translates to a decrease of 14.1% from 2021.

Key Points:

Comparing the same sales volume without adjusting for the number of selling days translates to a decrease of 14.1% from 2021.
Comparing the sales volume without adjusting for the number of selling days translates to a decrease of 9.2% from 2021.
Power:
July is yet another month where supply constraints keep vehicle sales artificially low but deliver record transaction prices and dealer profitability.
For July, new-vehicle prices continue to hover near record levels, with the average transaction price expected to reach $45,869a 12.3% increase from a year agothe second highest on record.

Housing Market Potential Adjusting to Post-Pandemic Norm, According to First American Potential Home Sales Model

Retrieved on:

Mittwoch, Juli 20, 2022

The Potential Home Sales Model measures what the healthy market level of home sales should be based on economic, demographic, and housing market fundamentals.

Key Points:

The Potential Home Sales Model measures what the healthy market level of home sales should be based on economic, demographic, and housing market fundamentals.
The market potential for existing-home sales decreased 13.1 percent compared with a year ago, a loss of 822,786 (SAAR) sales.
Based on a dynamic simulation using our Potential Home Sales Model, we can identify the fundamentals influencing potential existing-home sales today relative to a year ago and segment them by the fundamentals that are reducing or boosting housing market potential.
Compared with last year, more new-home supply is entering the market, increasing housing market potential by 1,400 potential home sales.

Latest Manheim Used-Vehicle Data Shows Signs of Market Normalcy After Unprecedented Run in 2020 and 2021

Retrieved on:

Freitag, Juli 8, 2022

Smoke, Cox Automotive, Auto Trader, MMR, View, Industry, Sport, Weakness, Time, Family, Government, SAAR, Multimedia, Gasoline, Retail, Mannheim (disambiguation), Index

New-vehicle sales remain muted with no clear solution in sight as tight supply continues to hold back the market.

Key Points:

New-vehicle sales remain muted with no clear solution in sight as tight supply continues to hold back the market.
Some trends are returning more toward normalcy in the used-vehicle market, according to Chief Economist Jonathan Smoke.
"It's refreshing to report we are seeing some trends returning more toward normalcy in the used market," said Cox Automotive Chief Economist Jonathan Smoke.
Manheim Market Report (MMR) values saw larger declines over the last two weeks than in the prior two weeks.

Cox Automotive Lowers Full-Year New-Vehicle Sales Forecast as Persistent Supply Problems Continue to Hold Back Auto Industry

Retrieved on:

Dienstag, Juni 28, 2022

Cox Automotive, Honda, Toyota, VW, Industry, SAAR, General Motors, COVID, Tesla, Gasoline, Renewable energy, Motor vehicle, Nissan, Q2

U.S. auto sales are forecast to finish down 17.3% year over year; Cox Automotive revises its full-year 2022 new-vehicle sales forecast to 14.4 million units, down from 15.3 million.

Key Points:

U.S. auto sales are forecast to finish down 17.3% year over year; Cox Automotive revises its full-year 2022 new-vehicle sales forecast to 14.4 million units, down from 15.3 million.
The current forecast now is for new-vehicle sales volumes to fall below the 14.6 million sold in 2020.
The sales volume in June is expected to finish near 1.2 million units, down 7.5% from last year's volume of 1.3 million sales.
With no clear timeline for any notable recovery in new-vehicle inventory levels, Cox Automotive is lowering its full-year 2022 U.S. auto sales forecast to 14.4 million units, down from its current forecast of 15.3 million.

New-Vehicle Transaction Prices Hit All-Time High Despite Rising Interest Rates; Sales Volume Constrained as Inventory Stays Flat

Retrieved on:

Freitag, Juni 24, 2022

Comparing the same sales volume without adjusting for the number of selling days translates to a decrease of 15.0% from 2021.

Key Points:

Comparing the same sales volume without adjusting for the number of selling days translates to a decrease of 15.0% from 2021.
Total new-vehicle sales for June 2022, including retail and non-retail transactions, are projected to reach 1,133,000 units, a 15.8% decrease from June 2021.
Comparing the sales volume without adjusting for the number of selling days translates to a decrease of 12.4% from 2021.
On a volume basis, June year-to-date retail sales will be just under 5.9 million units, a large decline of 19.1%.

Two Trends Slowing Housing Market Normalization, According to First American Potential Home Sales Model

Retrieved on:

Montag, Juni 20, 2022

The Potential Home Sales Model measures what the healthy market level of home sales should be based on economic, demographic, and housing market fundamentals.

Key Points:

The Potential Home Sales Model measures what the healthy market level of home sales should be based on economic, demographic, and housing market fundamentals.
The market potential for existing-home sales decreased 10.5 percent compared with a year ago, a loss of 660,395 (SAAR) sales.
Currently, potential existing-home sales is 1,171,000 (SAAR), or 17.2 percent below the pre-recession peak of market potential, which occurred in April 2006.
Yet, the market potential for home sales remains 2.5 percent higher than May 2019, before the pandemic hit.

Cox Automotive Forecast: May Auto Sales Expected to Fall to Slowest Pace in 2022

Retrieved on:

Mittwoch, Mai 25, 2022

Memorial, Memorial Day, Calendar, Optimism, Atmosphere, Cox Automotive, SAAR, Cox, Animal

The new-vehicle sales pace is expected to finish near 13.1 million in May, the lowest point in 2022 and down from last month's 14.3 million pace.

Key Points:

The new-vehicle sales pace is expected to finish near 13.1 million in May, the lowest point in 2022 and down from last month's 14.3 million pace.
ATLANTA, May 25, 2022 /PRNewswire/ -- With no relief from elevated prices and tight new-vehicle inventory, U.S. auto sales in May are expected to drop to their lowest level of the year in May.
U.S. auto sales in May are expected to drop to their lowest level of the year in May, according to Cox Automotive.
Vehicle sales are expected to drop nearly 28% from May 2021 and fall 9% from last month.

TrueCar Releases Analysis of May Industry Sales

Retrieved on:

Mittwoch, Mai 25, 2022

Senior, Solution, TrueCar, NASDAQ, Industry, SAAR, OEM, Renewable energy

SANTA MONICA, Calif, May 25, 2022 /PRNewswire/ -- TrueCar, Inc. (NASDAQ: TRUE), the easiest, most efficient and transparent online destination for buying and selling new and used vehicles, expects total new vehicle industry sales to reach 1,221,790 units in May 2022, down 17% from a year ago and up 10% from April 2022, when adjusted for the same number of selling days. This month's seasonally adjusted annualized rate (SAAR) for total light vehicle industry sales is an estimated 14 million, down 17% from May 2021. Excluding fleet sales, TrueCar expects U.S. retail deliveries of new cars and light trucks to be 1,062,452 units, down 18% from a year ago and up 7% from April 2022.

Key Points:

This month's seasonally adjusted annualized rate (SAAR) for total light vehicle industry sales is an estimated 14 million, down 17% from May 2021.
"This month we're continuing to see a struggle for supply among the industry however we're also now starting to see signs of demand adjusting.
Higher interest rates combined with higher fuel prices present a headwind to demand cooling off, which may explain why average used list prices are decreasing, down 1.6% in May versus April 2022," said Nick Woolard, Lead Industry Analyst at TrueCar.
Used vehicle sales for May 2022 are expected to reach 3.1 million, down 19% from a year ago and down 8% from April 2022.

Average New-Vehicle Price Sets Another Record; Interest Rates Push Monthly Loan Payments to All-Time High

Retrieved on:

Mittwoch, Mai 25, 2022

Automotive, General Automotive, Income, J.D. Power, Insurance, MSRP, Growth, Record, SAAR, Environment, Retail, Taxicab

Comparing the same sales volume without adjusting for the number of selling days translates to a decrease of 24.3% from 2021.

Key Points:

Comparing the same sales volume without adjusting for the number of selling days translates to a decrease of 24.3% from 2021.
The average interest rate for loans in May is expected to increase 62 basis points from a year ago to 4.92%.
Even with elevated trade-in values, the average monthly finance payment is on pace to hit a record high of $687, up $90 from May 2021.
Three metrics in June that will demand focus are pricing, interest rates and trade-in values.

Normalcy Slowly Returning to the Housing Market, According to First American Potential Home Sales Model

Retrieved on:

Mittwoch, Mai 18, 2022

The Potential Home Sales Model measures what the healthy market level of home sales should be based on economic, demographic, and housing market fundamentals.

Key Points:

The Potential Home Sales Model measures what the healthy market level of home sales should be based on economic, demographic, and housing market fundamentals.
The market potential for existing-home sales decreased 8.1 percent compared with a year ago, a loss of 503,350 (SAAR) sales.
Currently, potential existing-home sales is 1,053,000 (SAAR), or 15.5 percent below the pre-recession peak of market potential, which occurred in April 2006.
The year-over-year decline in house-buying power reduced housing market potential by nearly 380,000 potential home sales.