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Lack of New-Vehicle Inventory Still Constrains Sales Pace as Prices, Profits Reach Record Highs; Incentive Spending at New Low

Retrieved on:

Mercoledì, Aprile 27, 2022

Fleet Management, Other Retail, Automotive, Other Automotive, Automotive Manufacturing, General Automotive, Manufacturing, Retail, Growth, Memorial Day, MSRP, Income, SAAR, Insurance, Record, Environment, J.D. Power, Retail

Comparing the same sales volume without adjusting for the number of selling days translates to a decrease of 20.9% from 2021.

Key Points:

Comparing the same sales volume without adjusting for the number of selling days translates to a decrease of 20.9% from 2021.
Total new-vehicle sales for April 2022, including retail and non-retail transactions, are projected to reach 1,241,300 units, a 21.5% decrease from April 2021.
Comparing the same sales volume without adjusting for the number of selling days translates to a decrease of 18.5% from 2021.
Therefore, the year-over-year sales results will again be suppressed, and sales pace will be dictated by manufacturers vehicle supply to dealers during the month.

The 2022 Housing Market Is Very 2019, According to First American Potential Home Sales Model

Retrieved on:

Martedì, Aprile 19, 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 3.9 percent compared with a year ago, a loss of 240,100 (SAAR) sales.
While housing market potential entering the 2022 spring home-buying season may be easing down from recent peaks, potential home sales remain strong and above pre-pandemic levels.
Rapid house price appreciation has increased housing market potential by approximately 530,000 potential home sales in March compared with 2019.

After Slow First Quarter, Manheim Forecasts Used-Vehicle Market To Accelerate in Months Ahead

Retrieved on:

Giovedì, Aprile 7, 2022

Smoke, Crash, Family, MMR, Cox Automotive, SAAR, Multimedia, Availability, Wane, Government, View, Industry, IRS, Auto Trader, Propane, Online shopping, Retail, Airline, Mannheim (disambiguation)

The non-seasonally adjusted Manheim Used Vehicle Value Index (MUVVI) in March increased 0.6% from February, indicating a strengthening wholesale market with rising wholesale prices.

Key Points:

The non-seasonally adjusted Manheim Used Vehicle Value Index (MUVVI) in March increased 0.6% from February, indicating a strengthening wholesale market with rising wholesale prices.
This brought the Manheim Used Vehicle Value Index (MUVVI) to 223.5, an increase of 24.8% from a year ago.
Manheim Market Report (MMR) values saw weekly price increases that accelerated in each full week of March after the first week saw the smallest decline thus far this year.
MMR is a valuation tool used by tens of thousands of consignors and dealers to assess millions of trade-ins each month.

March Sales Pace Remains Constrained by Low Inventory; Incentive Spending Hits Record Low but Record Profitability Endures

Retrieved on:

Mercoledì, Marzo 23, 2022

New-vehicle retail sales in Q1 2022 are projected to reach 2,829,000 units, a 14.8% decrease from Q1 2021.

Key Points:

New-vehicle retail sales in Q1 2022 are projected to reach 2,829,000 units, a 14.8% decrease from Q1 2021.
Total new-vehicle sales for March 2022, including retail and non-retail transactions, are projected to reach 1,188,300 units, a 28.9% decrease from March 2021.
Comparing the same sales volume without adjusting for the number of selling days translates to a decrease of 26.2% from 2021.
The seasonally adjusted annualized rate (SAAR) for total new-vehicle sales is expected to be 12.7 million units, down 5.1 million units from 2021.

New Vehicle Sales Expected to Drop in the First Quarter, According to Edmunds

Retrieved on:

Mercoledì, Marzo 30, 2022

EV, EVS, DTT, Electricity, Behavior, SAAR, Industry, Depression, COVID-19, Propane, Animal

SANTA MONICA, Calif., March 30, 2022 /PRNewswire/ -- The car shopping experts at Edmunds forecast that 3,296,280 new cars and trucks will be sold in the U.S. in the first quarter of 2022, which reflects a 15.2% decrease from the first quarter of 2021 but a 0.4% increase compared to the fourth quarter of 2021. Although Q1 new-vehicle sales volumes are expected to see a year-over-year decline, Edmunds analysts note that vehicles are selling quickly: Edmunds data reveals that in Q1 2022, 41% of all new vehicles sold within the first week of arriving on a dealer lot, compared to 20% in Q1 2021.

Key Points:

In March 2022, the average days-to-turn for electric vehicles dropped to 21 days, compared to 63 days in March 2021.
"Skyrocketing gas prices were top of mind for consumers in March, but the lack of inventory is what ultimately depressed new vehicle sales in the first quarter," said Jessica Caldwell, Edmunds' executive director of insights.
According to Edmunds days-to-turn (DTT) data1, all vehicles regardless of fuel type are selling at an accelerated pace compared to a year ago.
For additional Edmunds survey data on consumer car shopping behavior amid rising gas prices, click here .

Cox Automotive March Forecast: Slow March Auto Sales to Cap Weakest Q1 in a Decade

Retrieved on:

Lunedì, Marzo 28, 2022

News, Cox Automotive, SAAR, Unemployment, COVID-19, Video game, Gasoline

First-quarter sales volume is forecast to be down more than 16% year over year, the lowest Q1 volume in the past decade.

Key Points:

First-quarter sales volume is forecast to be down more than 16% year over year, the lowest Q1 volume in the past decade.
March U.S. auto sales, when reported on Friday, will show a notable drop from last March, according to Cox Automotive.
March sales volume will result in Q1 2022 sales being down substantially from last year.
"March sales volume will tick up from February, but this is not due to a substantial change in the market.

State of the Housing Market as Spring Home-Buying Season Begins, According to First American Potential Home Sales Model

Retrieved on:

Venerdì, Marzo 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 increased 0.04 percent compared with a year ago, a gain of 2,300 (SAAR) sales.
Our Potential Home Sales Model estimates the expected level of existing-home sales based on market fundamentals, providing a helpful tool to assess the state of the housing market as spring home-buying ramps up, said Mark Fleming, chief economist at First American.
We can use the Potential Home Sales Model to identify the tailwinds propelling the housing market forward, and the headwinds pushing back on market potential.

February Sales Rate Remains Constrained by Low Inventory; Record Pricing and Dealer Profitability Continue

Retrieved on:

Venerdì, Febbraio 25, 2022

Retail sales of new vehicles this month are expected to reach 922,100 units, a 5.7% decrease compared with February 2021.

Key Points:

Retail sales of new vehicles this month are expected to reach 922,100 units, a 5.7% decrease compared with February 2021.
Total new-vehicle sales for February 2022, including retail and non-retail transactions, are projected to reach 1,057,300 units, an 11.1% decrease from February 2021.
The seasonally adjusted annualized rate (SAAR) for total new-vehicle sales is expected to be 14.1 million units, down 1.7 million units from 2021.
New-vehicle prices continue to maintain record levels as average transaction prices are expected to reach a February record of $44,460, an 18.5% increase from a year ago.

TrueCar Releases Analysis of February Industry Sales

Retrieved on:

Venerdì, Febbraio 25, 2022

NASDAQ, TrueCar, SAAR, Solution, Senior, Total, Gasoline, Potash

This month's seasonally adjusted annualized rate (SAAR) for total light vehicle industry sales is an estimated 14.2 million, down 11% from February 2021.

Key Points:

This month's seasonally adjusted annualized rate (SAAR) for total light vehicle industry sales is an estimated 14.2 million, down 11% from February 2021.
From a supply standpoint, we're seeing industry new listings roughly in line with January.
"For shoppers configuring vehicles on TrueCar we're now seeing lower average payments for 72-month loans than 36-month leases."
Used vehicle sales for February 2022 are expected to reach 3.2 million, down 9% from a year ago and up 8% from January 2022.

Cox Automotive February Forecast: Tight Inventory Keeps U.S. Auto Sales From Gaining Traction

Retrieved on:

Mercoledì, Febbraio 23, 2022

Cox Automotive, SAAR

Cox Automotive forecasts February new-vehicle sales volume to improve but remain constrained by low inventory.

Key Points:

Cox Automotive forecasts February new-vehicle sales volume to improve but remain constrained by low inventory.
New-vehicle sales volume has been averaging just over 1.05 million each month since last August, and this February is not expected to buck the trend.
New-vehicle inventory is now 62% below last year, and vAuto Available Inventory data show that available supply declined last week after rising for many weeks.
"The market is heading into a very interesting period," said Charlie Chesbrough, senior economist at Cox Automotive.