experian automotive quarterly briefing · 2015-12-09 · q3 2015 6.9 million what’s on the road...

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Experian Automotive Quarterly Briefing

Third quarter 2015 automotive market share trends and registrations

Brad Smith | Director, Automotive Market Statistics

Marty Miller | Senior Product Manager, VIO

Experian Automotive

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Today’s presentation Part one

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Questions? Contact us at Auto@experian.com

What’s on the Road

VIO by model year, segment, age and market share

U.S. light duty vehicles through September 30, 2015

U.S. medium and heavy duty vehicles through September 30, 2015

Marty Miller

Senior Product Manager, VIO

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Q3 2015 Registrations

Market trends

Geographic performance

Manufacturer, make and model share

Demographic overview

Session overview Part two

Brad Smith

Director, Automotive Market Statistics

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INSERT

PICTURE

HERE

Vehicles in Operation

What’s on the road today?

Light duty vehicles

Medium and heavy duty vehicles

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Vehicles in operation

Q3 2015

257 million

What’s on the road today? VIO Light duty vehicles

Source: Experian Automotive as of September 30, 2015 (U.S. light duty vehicles only)

Vehicles in operation

Q3 2014

250.9 million

Net out of operation

10.9 million (4.2%)

Carryover

New vehicle sales

16.99 million

Used vehicle sales

39.6 million

VIO additions/deletions: 27.9 million (10.9%) (out of operation + new sales)

VIO total changes: 67.5 million (26.3%) (used sales + out of operation + new sales)

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VIO change by model year (in millions) Q3 2014 to Q3 2015

72.3% of all vehicles within 14 MY (28%)

New Sales 16.99M

Out of Operation

Source: Experian Automotive as of September 30, 2015 (U.S. light duty vehicles only)

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VIO by model year (in millions)

88.6M vehicles within “Sweet Spot” (MY2004 – 2010)

32.2% of VIO MY2010+

76.7% of VIO MY2001+

91% of VIO MY1996+

Source: Experian Automotive as of September 30, 2015 (U.S. light duty vehicles only)

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Average vehicle age (1967 to current MYs of period) Rolling average vehicle age (first 20 MYs of period)

* = VIO Coverage

*91% *91.6% *92% *92.1% *92.3%

Source: Experian Automotive as of September 30, 2015 (U.S. light duty vehicles only)

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VIO average vehicle age by state

Source: Experian Automotive as of September 30, 2015 (U.S. light duty vehicles only)

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Percentage of VIO by manufacturer market share Change from Q3 2014

Detroit 3 = 55.5%

Source: Experian Automotive as of September 30, 2015 (U.S. light duty vehicles only)

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VIO Top 20 segments on the road market share Change from Q3 2014

Source: Experian Automotive as of September 30, 2015 (U.S. light duty vehicles only)

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VIO Vocation – Top 20 by VIO and average age How light duty commercial vehicles are used

Source: Experian Automotive as of September 30, 2015 (U.S. light duty vehicles only)

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VIO Vocation – Commercial Banking by census region Light duty vehicles as of Q3 2015

Source: Experian Automotive as of September 30, 2015 (U.S. light duty vehicles only)

Vocation - Commercial Banking

Midwest Northeast South West

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Vehicles in operation

Q3 2015

6.9 million

What’s on the road today? VIO Medium and heavy duty vehicles

Vehicles in operation

Q3 2014

6.3 million

Net out of operation

91 thousand

(1.3%)

Carryover

New vehicle sales

483 thousand

New last 12 months

Source: Experian Automotive as of September 30, 2015 (U.S. medium and heavy duty vehicles only)

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VIO by model year (in thousands) Medium and heavy duty vehicles

Source: Experian Automotive as of September 30, 2015 (U.S. medium and heavy duty vehicles only)

28.1% of VIO MY2010+

72.2% of VIO MY2001+

87.8% of VIO MY1996+

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VIO by GVW class & engine manufacturer share Medium and heavy duty vehicles

Source: Experian Automotive as of September 30, 2015 (U.S. medium and heavy duty vehicles only)

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VIO Market share of Vocation – High level Medium and heavy duty vehicles

Source: Experian Automotive as of September 30, 2015 (U.S. medium and heavy duty vehicles only)

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INSERT

PICTURE

HERE

U.S. Market Overview

What products are selling?

Who’s buying?

Where is it happening?

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The third quarter of the calendar year demonstrates consistent year over year growth in new and used vehicle registrations

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Individual registrations account for approximately 75% of total new registration volume

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Through September 2015, new individual registration volumes are up 5.5% over the previous year

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10 states accounted for nearly 60% of retail registrations in the third quarter of 2015

New vehicle registrations

Individual buyers

Q3 2015

Source: Experian Automotive registrations through Q3 2015

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In comparison to Q3 2014, nearly every state experienced volume gains in Q3 2015

New vehicle registrations

Individual buyers

Q3 2014 vs. Q3 2015

Source: Experian Automotive registrations through Q3 2015

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Los Angeles and New York lead all market for new vehicle registrations

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10 vehicle segments accounted for approximately 80% of new registrations in Q3 2015

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Small Pickups and Premium Sports Cars took the lead in year over year growth while Upscale Luxury Cars and Hybrid Cars experienced declines

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GM edged out Toyota to lead Q3 market share among manufacturers. The Detroit 3 took spots 1, 3 and 4 for a combined share of 40.6%

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Of the 72 brands with new individual registrations in Q32015, the top 8 brands account for two thirds of a new registrations

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Ford F150 edged the Honda Accord by 2,262 units to lead Q3 2015 market share

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Non-Luxury brands accounted for nearly 90% of all new registration in Q3

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Front wheel drive vehicles are the most common new vehicle drive type and while gasoline vehicles account for more than 90% of all new vehicles

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Individuals aged 40 to 69 exhibit nearly 50% of the new vehicle purchasing power in the U.S.

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Individuals with incomes between $50 and $100k have been the most active buying populations over the last 12 months

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African-Americans, Asians, and Hispanics all experienced increases in new vehicle registrations over 2014 year end

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Light duty market size grows by 6.1M vehicles over the last 12 months as market share of the CUV and Small Car segments continue to grow

The average age for the current 20 model years continues to hover at 9.3 years, with the northwest region of the U.S. having the oldest vehicle age

Commercial use (vocation) is dominated by Rental and Leasing, though Construction vehicles are close behind, yet showing their age

Through September 2015, new individual registrations are up 5.5% over 2014

Led by the Entry Level CUV segment, the top 10 vehicle segments account for nearly 80% of new registration volume

Buyers aged 40-69 exhibit nearly 50% of the new vehicle purchasing power in the U.S.

African-Americans, Asians and Hispanics all experienced year over year increases in new vehicle buying

In summary

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Presentation will be available 24-48 hours after Webinar

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Questions? Contact us at Auto@experian.com