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Customer LoginsAutomotive Rapid Response Report - 17 June 2020
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Positive momentum continues, 18% month-to-date (mtd) increase compared with mid-May in national retail registration volume, representing over 50,000-unit improvement
- Luxury segments up 45% mtd, representing an increase of 15,000 units nationally
- Non-luxury utilities up 25% mtd, an increase of 32,000 units driven by Non-luxury compact CUV contributing over 20,000 units
- Non-luxury cars up 14% mtd, growing by more than 8,000 units and almost half of the increase was in non-luxury compact cars
- Pickup segments declined 7% mtd, not surprising as inventory is extremely low and production is coming online
24% improvement in mtd performance for June in the top 10 retail volume states, highlights include:
- Significant improvements in New Jersey, Michigan, and New York all recently lessening business restrictions
- Modest improvements in Texas, North Carolina, and Florida where pent-up demand has been satisfied, continued concern about impact to the industry as they experience a resurgence of coronavirus disease