2019 automotive industry trends: midyear update...2019 automotive industry trends: midyear update...

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2019 AUTOMOTIVE INDUSTRY TRENDS: MIDYEAR UPDATE June 2019

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Page 1: 2019 AUTOMOTIVE INDUSTRY TRENDS: MIDYEAR UPDATE...2019 AUTOMOTIVE INDUSTRY TRENDS: MIDYEAR UPDATE June 2019. EDMUNDS FORECASTS 16.9M NEW VEHICLE SALES IN 2019 Source: Edmunds. YEAR-OVER-YEAR

2019 AUTOMOTIVE INDUSTRY TRENDS:

MIDYEAR UPDATEJune 2019

Page 2: 2019 AUTOMOTIVE INDUSTRY TRENDS: MIDYEAR UPDATE...2019 AUTOMOTIVE INDUSTRY TRENDS: MIDYEAR UPDATE June 2019. EDMUNDS FORECASTS 16.9M NEW VEHICLE SALES IN 2019 Source: Edmunds. YEAR-OVER-YEAR

EDMUNDS FORECASTS 16.9M NEW VEHICLE SALES IN 2019

Source: Edmunds

Page 3: 2019 AUTOMOTIVE INDUSTRY TRENDS: MIDYEAR UPDATE...2019 AUTOMOTIVE INDUSTRY TRENDS: MIDYEAR UPDATE June 2019. EDMUNDS FORECASTS 16.9M NEW VEHICLE SALES IN 2019 Source: Edmunds. YEAR-OVER-YEAR

YEAR-OVER-YEAR SALES

Source: Edmunds

Page 4: 2019 AUTOMOTIVE INDUSTRY TRENDS: MIDYEAR UPDATE...2019 AUTOMOTIVE INDUSTRY TRENDS: MIDYEAR UPDATE June 2019. EDMUNDS FORECASTS 16.9M NEW VEHICLE SALES IN 2019 Source: Edmunds. YEAR-OVER-YEAR

FACTORS INFLUENCING 2019 SALES PACE

Strong Economic Indicators High Inventory

%

4

Finance Rates Pressure from Used

Page 5: 2019 AUTOMOTIVE INDUSTRY TRENDS: MIDYEAR UPDATE...2019 AUTOMOTIVE INDUSTRY TRENDS: MIDYEAR UPDATE June 2019. EDMUNDS FORECASTS 16.9M NEW VEHICLE SALES IN 2019 Source: Edmunds. YEAR-OVER-YEAR

PRIMARY ECONOMIC INDICATORS REMAIN STRONG

Source: CBO.gov, University of Michigan,

Page 6: 2019 AUTOMOTIVE INDUSTRY TRENDS: MIDYEAR UPDATE...2019 AUTOMOTIVE INDUSTRY TRENDS: MIDYEAR UPDATE June 2019. EDMUNDS FORECASTS 16.9M NEW VEHICLE SALES IN 2019 Source: Edmunds. YEAR-OVER-YEAR

INCREASING INTEREST RATES HINDER AFFORDABILITY

Source: Edmunds, FRED Federal Reserve Bank of St. Louis

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SUMMER SALES SEEK TO RIGHTSIZE INVENTORY

Source: Edmunds

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USED VEHICLES CREATE COMPETITION FOR NEW

Source: Edmunds

Page 9: 2019 AUTOMOTIVE INDUSTRY TRENDS: MIDYEAR UPDATE...2019 AUTOMOTIVE INDUSTRY TRENDS: MIDYEAR UPDATE June 2019. EDMUNDS FORECASTS 16.9M NEW VEHICLE SALES IN 2019 Source: Edmunds. YEAR-OVER-YEAR

LEASING

9

Page 10: 2019 AUTOMOTIVE INDUSTRY TRENDS: MIDYEAR UPDATE...2019 AUTOMOTIVE INDUSTRY TRENDS: MIDYEAR UPDATE June 2019. EDMUNDS FORECASTS 16.9M NEW VEHICLE SALES IN 2019 Source: Edmunds. YEAR-OVER-YEAR

LEASE PENETRATION AT RECORD LEVELS

Source: Edmunds

Page 11: 2019 AUTOMOTIVE INDUSTRY TRENDS: MIDYEAR UPDATE...2019 AUTOMOTIVE INDUSTRY TRENDS: MIDYEAR UPDATE June 2019. EDMUNDS FORECASTS 16.9M NEW VEHICLE SALES IN 2019 Source: Edmunds. YEAR-OVER-YEAR

COST OF LEASING ON THE RISE

Source: Edmunds

Page 12: 2019 AUTOMOTIVE INDUSTRY TRENDS: MIDYEAR UPDATE...2019 AUTOMOTIVE INDUSTRY TRENDS: MIDYEAR UPDATE June 2019. EDMUNDS FORECASTS 16.9M NEW VEHICLE SALES IN 2019 Source: Edmunds. YEAR-OVER-YEAR

LUXURY LEASE RATES REMAIN HIGH BUT ARE STAGNATING

Source: Edmunds

Page 13: 2019 AUTOMOTIVE INDUSTRY TRENDS: MIDYEAR UPDATE...2019 AUTOMOTIVE INDUSTRY TRENDS: MIDYEAR UPDATE June 2019. EDMUNDS FORECASTS 16.9M NEW VEHICLE SALES IN 2019 Source: Edmunds. YEAR-OVER-YEAR

GREEN CARS

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Page 14: 2019 AUTOMOTIVE INDUSTRY TRENDS: MIDYEAR UPDATE...2019 AUTOMOTIVE INDUSTRY TRENDS: MIDYEAR UPDATE June 2019. EDMUNDS FORECASTS 16.9M NEW VEHICLE SALES IN 2019 Source: Edmunds. YEAR-OVER-YEAR

TESLA OFFERING DEALS TO BOOST DEMAND

Source: Edmunds

Page 15: 2019 AUTOMOTIVE INDUSTRY TRENDS: MIDYEAR UPDATE...2019 AUTOMOTIVE INDUSTRY TRENDS: MIDYEAR UPDATE June 2019. EDMUNDS FORECASTS 16.9M NEW VEHICLE SALES IN 2019 Source: Edmunds. YEAR-OVER-YEAR

GREEN CARS ON PACE FOR RECORD YEAR

Source: Edmunds

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EVs STILL HAVE LIMITED AUDIENCE

Source: IHS Markit

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CAFE REVISIONS LEAVE INDUSTRY AT CROSSROADS

Source: EPA

Page 18: 2019 AUTOMOTIVE INDUSTRY TRENDS: MIDYEAR UPDATE...2019 AUTOMOTIVE INDUSTRY TRENDS: MIDYEAR UPDATE June 2019. EDMUNDS FORECASTS 16.9M NEW VEHICLE SALES IN 2019 Source: Edmunds. YEAR-OVER-YEAR

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