Tag: Patrick Manzi

NADA Market Beat: First Monthly New Light-Vehicle Sales Gain Since April

New light-vehicle sales in October 2021 saw their first month-to-month gain since April.

NADA Issues Third Quarter 2021 Auto Sales Analysis

Reduced inventory, while not a limiting factor earlier in the year, has slowed new vehicle sales in recent months.

ATD Truck Beat: Commercial Truck Sales Remain Strong

Demand for commercial vehicles continues to be strong, with industry-wide supply shortages limiting production and sales.

NADA Market Beat: Limited Inventory Drives SAAR of 12.2 Million Units for September Sales

New light-vehicle sales in September 2021 fell for the fifth straight month to a SAAR of 12.2 million units.

NADA Market Beat: New Vehicle Sales Decline Amid Inventory Constraints

New light-vehicle sales in August continued to decline amid still-shrinking inventory on dealer lots. Sales in August totaled a SAAR of 13.1 million units, the lowest level since June 2020’s 13 million.

NADA Market Beat: Inventory Continues to Impact New-Vehicle Sales

Despite production limitations from the chip shortage, new-vehicle demand remains strong among both retail and fleet customers. Our total 2021 forecast for new light vehicles is 16.5 million units.

ATD Truck Beat: Commercial Truck Sales Up Across Segments

Sales rose because of solid freight demand, as many sectors of the economy reopened and more consumers returned to their normal routines.

NADA Issues 2021 Second Quarter Auto Sales Analysis

In the second quarter of 2021, sales totaled a 17.0 million unit SAAR, up slightly from the 16.9 million unit SAAR in the first quarter of 2021.

NADA Market Beat: Inventory Constraints Limit New-Car Sales

New light-vehicle sales fell for the second straight month in June.

NADA Market Beat: May Sales Strong; Slight Fall from April’s Highs

New light-vehicle sales remained strong in May but fell slightly from April’s highs.

NADA Market Beat: New Light Vehicle-Sales Top 18 Million Unit SAAR for Second Straight Month

April’s new light-vehicle sales saw an 18.5 million-unit SAAR—the second straight month (following a March revision) of sales above 18.0 million units and the highest monthly sales rate since July 2005 with a 20.6 million SAAR.

ATD Truck Beat: Truck Sales Analysis for Q1

Commercial truck sales started the year off well, with total sales of 98,404—an increase of 15.8% from first quarter 2020.

NADA Issues Analysis of 2021 First Quarter Auto Sales

The economy continues to show strong signs of recovery from the coronavirus pandemic. The widespread dissemination of the COVID-19 vaccine and the stellar new light-vehicle sales in March are reasons to be optimistic for the remainder of 2021.

NADA Market Beat: March New Light-Vehicle Auto Sales Incredibly Strong

New light-vehicle sales in March 2021 were stellar. March’s SAAR of 17.75 million units is the second highest of all time for the month and just shy of March 2000.

NADA Market Beat: New Light-Vehicle Sales Fall Slightly in February

Despite the chip shortage headwinds, we are very optimistic about new-vehicle sales in 2021. We expect continued steady retail demand and improving fleet demand growth throughout the rest of the year.

NADA Market Beat: Light-Vehicle Sales Start Strong in January 2021

New light-vehicle sales in January started off the year at a strong pace. While the January 2021 SAAR of 16.63 million represents a decline of 1.4% from January 2020, it was the highest monthly SAAR since the start of the pandemic.

ATD Truck Beat: 2020 Analysis and 2021 Sales Forecast

Commercial truck sales closed out 2020 with total sales just shy of 410,000 units, a decline of 22.3% from the 2019 total.

NADA Issues Analysis of 2020 Auto Sales, 2021 Sales Forecast

2020 came to a close with new-light vehicle sales of 14.46 million units, down 14.7% compared to 2019.

NADA Market Beat: 2020 Light-Vehicle Sales Reach 14.46 Million Units

The year came to close with new light-vehicle sales of 14.46 million units, down 14.7% from 2019 and the lowest full-year sales total since 2012.

NADA Market Beat: New-Vehicle Sales Down Slightly Compared to Previous Two Months

For 2020, we expect that new light-vehicle sales will total 14.2 million units. There may be some regional ups and downs in sales as the country deals with spikes in COVID-19 cases throughout the winter months.

NADA Market Beat: New-Vehicle Sales Top 16 Million Unit SAAR for Second Straight Month

The new light-vehicle sales volume in October equated to a SAAR of 16.2 million units, the second straight month with a SAAR above 16 million units.

ATD Truck Beat: Heavy-Duty Truck Sales Continue to Improve

Look for commercial truck sales to continue improving the rest of the year and into 2021.

NADA Issues Analysis of Third Quarter 2020 Auto Sales

“Given the better than expected recovery in the new light-vehicle market, we estimate 2020 new light-vehicle sales to be higher, reaching 14.1 million units,” added Manzi.

NADA Market Beat: New Light-Vehicle Sales Up for Fifth Consecutive Month

New light-vehicle sales increased for the fifth straight month in September.

NADA Market Beat: New Light-Vehicle Sales Continue to Recover

August’s SAAR of 15.2 million units marked a 4.8% increase from July’s SAAR of 14.5 million units but is down 11% compared with August 2019.

NADA Market Beat: July Vehicle Sales Improve for Third Consecutive Month

The July SAAR totaled 14.5 million units, a decline of 14.4% compared with July 2019 but up from the SAAR of 13.1 million units for June 2020.

ATD Truck Beat: Commercial Truck Sales Down 29.2% During First Half of 2020

As with most industries, truck sales the rest of the year will be dependent on the ability to control the spread of COVID-19.

NADA Issues Second Quarter 2020 Auto Sales Analysis

During this quarter, retail sales recovered much more quickly than fleet sales from the effects of the COVID-19 pandemic.

Dealerships Jobs Starting Climb Back From April Lows

New data out of the Bureau of Labor Statistics (BLS) shows that franchised dealerships added 80,200 jobs in May, an extremely encouraging sign for employment in U.S. automotive retail.

NADA Market Beat: June Vehicle Sales Increased to 13 Million SAAR

New light-vehicle sales in June improved compared to May but remain down significantly compared to this time last year.

The Fleet Versus Retail Disconnect in May’s Sales Numbers

Fleet sales were down year-over-year by a whopping 72% in May, while retail sales only fell by 17%.

NADA Market Beat: May Sales Show Signs of Recovery

New light-vehicle sales showed signs of recovery in May, with a SAAR of 12.21 million units.

NADA Market Beat: April 2020 SAAR Falls to 8.6 Million Units

The April SAAR represents a drop of 47.6% compared to April 2019. Yet many industry watchers believe auto sales have bottomed out and are showing signs of recovery.

NADA Issues First Quarter 2020 Analysis of Auto Sales

As the first quarter of 2020 has come to a close, the National Automobile Dealers Association (NADA) issued an analysis of U.S. auto sales and the economy, including the initial impact of the COVID-19 pandemic on both.

NADA Market Beat: Light Vehicle Sales Down 34.1% in March Due to COVID-19

The SAAR of 11.4 million for March 2020 represents a decline of 34.1% compared to March 2019 and is the lowest monthly SAAR since April 2010.

NADA Market Beat: U.S. New Vehicle Sales Up 1.9% Year-Over-Year

New light-vehicle sales in February were strong, with a SAAR of 16.83 million units for the month—an increase of 1.9% compared to February 2019. Raw sales volume topped 1.3 million units, an increase of 8.4% compared to February of last year.

NADA Market Beat: Light Trucks Represent 75% of All Light Vehicles Sold

New light-vehicle sales in January were close to flat compared to this time last year. January’s SAAR of 16.84 million units represents an increase of 0.8%.

NADA Market Beat: 2019 U.S. New Vehicle Sales Mark 5th Year Over 17 Million Units

The year came to a close with new light-vehicle sales of 17.1 million, according to the Automotive News Data Center. This marks the fifth straight year of more than 17 million units  sold.

NADA Market Beat: U.S. New Vehicle Sales Down 1.5% Year-to-Date

It seems we are on pace for another year of 17 million units, with new light-vehicle sales registering a 16.94 million SAAR through November.

NADA Market Beat: U.S. New Vehicle Sales Down 1.5% Year-to-Date

New light-vehicle sales posted declines again this month, with the October SAAR of 16.6 million representing a decrease of 5.3% compared to October 2018.

NADA Market Beat: U.S. New Vehicle Sales Down 1% Year-to-Date

The September SAAR of 17.19 million units represents a decline of only 0.8% compared to September of last year. And the year-to-date SAAR of 16.98 million units represents a decline of just 1%.

NADA Market Beat: U.S. New Vehicle Sales Down 1.1% Year-to-Date

U.S. light-vehicle sales closed out August at a year-to-date SAAR of 16.95 million units. August sales were strong due to an additional selling weekend and the inclusion of Labor Day weekend sales events in the August sales results.

NADA Market Beat: U.S. New Vehicle Sales Down 1.4% Year-to-Date

New light-vehicle sales continued to fall in July. The SAAR for the month came in at 16.82 million units, down slightly from July of last year.

ATD Truck Beat: First Half Sales Strong, but New Orders Slowing

Although sales will continue to be strong this year, new orders for Class 8 trucks have begun to slow due to cooling freight and economic growth.

NADA Market Beat: U.S. New Vehicle Sales Down 1.2% Year-to-Date

Three fewer selling days in June resulted in an increased SAAR for the month, but there was a decrease in the total number of units compared to June 2018. June sales of 1.51 million units sold represents a decrease of 1.9%.

NADA Market Beat: Despite a Solid May Sales Performance, U.S. Light-Vehicle Sales Down 1.8% Year-to-Date

New light-vehicle sales in May surprised many in the industry. The SAAR of 17.31 million units for the month represents an increase of 0.7% compared to May 2018.

NADA Market Beat: U.S. Light-Vehicle Sales Down 4.5%

U.S. light-vehicle sales continued to fall in April, with a SAAR of 16.43 million—a decline of 4.5% compared to this time last year.

ATD Truck Beat: Sales of Class 4-8 Trucks Up 12.7%

Commercial vehicle sales continued to post gains in the first quarter of 2019 with sales up by 12.7%.

NADA Market Beat: U.S. Light-Vehicle Sales Down 0.9%

After a sluggish start to the year due to the federal government shutdown and several weather-related events, the seasonally adjusted annual rate (SAAR) of sales in March was at a strong 17.48 million units—bringing the SAAR for the first quarter up to 16.94 million.

The Curious Case of the FICO Indirect Financing “Stats”

Last week, an item in Automotive News, that many readers may have glossed over, nearly caused me fall out of my chair.

NADA Market Beat: U.S. Light-Vehicle Sales Down 2.5%

Through February, new light-vehicle sales were down 2.5% compared to this time last year. The monthly SAAR of 16.53 million units represented the lowest monthly SAAR since February 2015.

Auto Loan Delinquency Doesn’t Suggest the Sky is Falling; it Suggests the Exact Opposite

A recent article by employees of the New York Federal Reserve Bank’s Research and Statistics Group provided an update (of sorts) on the state of auto lending at the end of 2018.

NADA Market Beat: U.S. Light-Vehicle Sales Down 3%

U.S. light-vehicle sales fell by 3.0% compared to this time last year. Many segments posted declines or were flat, although the popular pickup and crossover segments gained market share relative to January 2018.

ATD Truck Beat: Sales of Class 4-8 Trucks Up 17.5%

Commercial vehicle sales were stellar in 2018. On the whole, sales of Class 4-8 trucks were up 17.5% compared to 2017. Class 4-7 truck sales were up 6.5% and Class 8 truck sales were up by a whopping 30.3% compared to 2017.

NADA Market Beat: U.S. Light-Vehicle Sales Up 1.5%

Despite rising interest rates and a volatile stock market, U.S. light-vehicle sales closed out 2018 strong. The SAAR of 17.51 million in December 2018 was the second highest of the year, as sales for the month were up 1.5% compared to December 2017.

NADA Market Beat: U.S. Light-Vehicle Sales Up 0.2%

Through November, U.S. light-vehicle sales were up 0.2%. Compared to this time last year, car segments continued to lose market share, down 4.8 percentage points, while their light-truck counterparts were up 3.8 percentage points.