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As the COVID-19 pandemic continues to unfold, IHS Markit offers
uniquely actionable, rapid insights to drive your business.
Insights powered by the most up-to-date information available
provide critical intelligence to inform near-term planning and
longer-term strategic decision making. Download our weekly Rapid
Response Report to get real-time market feedback on specific market
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which actions to take next.
A strong 91% month-to-date (mtd) increase as May
concludes in national retail registration volume, representing a
greater than 500,000-unit improvement
Non-luxury crossover utility vehicle (CUV)/sport utility
vehicle (SUV) segments improved 111% mtd, representing 48% of the
national volume improvement.
Non-luxury cars almost doubled in volume mtd with 95%
improvement, contributing 20% of the national volume increase.
Pickup segments improved 53% mtd, 15% of the national volume
improvement.
110% improvement in mtd performance for May in the top
10 retail volume states, highlights include:
113% improvement mtd in California, largest volume increase
across all states with over 62,000 units.
209% improvement mtd in New York, volume increase of over
40,000 units.
75% improvement mtd in Florida, volume increase of over 40,000
units.
As states continue to lessen their restrictions, we
expect the positive registration momentum to continue with many
manufacturers reducing summer downtime to increase production
capacity
Focus will shift to identifying and addressing inventory
shortfalls on fast-turning, high-margin vehicles.