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

2 © 2015 Experian Information Solutions, Inc. All rights reserved. Experian Public.

Today’s presentation Part one

Presentation will be available 24-48 hours after Webinar

Email with a link will be sent to all registrants to download

Questions? Contact us at [email protected]

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


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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PICTURE

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Vehicles in Operation

What’s on the road today?

Light duty vehicles

Medium and heavy duty vehicles


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)


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)


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



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+



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%



VIO average vehicle age by state



Percentage of VIO by manufacturer market share Change from Q3 2014

Detroit 3 = 55.5%



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



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



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


Vocation - Commercial Banking

Midwest Northeast South West



Q3 2015

6.9 million

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


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)


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


28.1% of VIO MY2010+

72.2% of VIO MY2001+

87.8% of VIO MY1996+


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



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



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PICTURE

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U.S. Market Overview

What products are selling?

Who’s buying?

Where is it happening?


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


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


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


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


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


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


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


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


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%


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


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


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


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


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


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


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


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


Today’s presentation

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Experian Automotive

Presentation will be available 24-48 hours after Webinar

Email with a link will be sent to all registrants to download

Questions? Contact us at [email protected]

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

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