January New Vehicle Sales Reach $37 Billion
Average transaction prices projected to rise 1.4 percent year-over-year
SANTA MONICA, Calif.–(BUSINESS WIRE)–ALG,
the industry benchmark for determining the future resale value of a
vehicle, projects U.S. revenue from new vehicle sales will reach $37
billion for the month of January, down 0.2 percent from a year ago.
Automakers revenue will be nearly flat with a slight decline of $68
million, despite an increase in average transaction prices
year-over-year.
Average Transaction Prices in January 2017 declined by 2.8 percent
compared to the prior month while showing a gain of 1.4 percent over the
prior year.
“Continued strength of the truck and utility segments are expected to
drive up average transaction prices despite the recent rise in incentive
spending,” said Eric Lyman, ALG’s chief analyst. “Ford, Nissan and
Toyota are the top three automakers that are leveraging the high demand
of their truck and utility portfolio to accelerate revenues on a year
over year basis,” said Lyman.
ALG estimates the average transaction price (ATP) for a new light
vehicle was $33,127 in January, up 1.4 percent from a year ago. Average
incentive spending per unit grew by $645 to $3,635. The ratio of
incentive spending to ATP was 11 percent, up from 9.2 percent a year ago.
|
Average Transaction Price (ATP) |
|||||||||||||||
|
Manufacturer |
Jan. 2017 |
Jan. 2016 |
Dec. |
Percent |
Percent |
||||||||||
| BMW (BMW, Mini) | $ | 48,732 | $ | 50,447 | $ | 50,762 | -3.4 | % | -4.0 | % | |||||
| Daimler (Mercedes-Benz, Smart) | $ | 57,403 | $ | 57,998 | $ | 57,927 | -1.0 | % | -0.9 | % | |||||
| FCA (Chrysler, Dodge, Jeep, Ram, Fiat) | $ | 33,279 | $ | 32,493 | $ | 33,515 | 2.4 | % | -0.7 | % | |||||
| Ford (Ford, Lincoln) | $ | 37,048 | $ | 34,145 | $ | 36,768 | 8.5 | % | 0.8 | % | |||||
| GM (Buick, Cadillac, Chevrolet, GMC) | $ | 35,436 | $ | 36,373 | $ | 37,940 | -2.6 | % | -6.6 | % | |||||
| Honda (Acura, Honda) | $ | 27,076 | $ | 27,216 | $ | 27,827 | -0.5 | % | -2.7 | % | |||||
| Hyundai | $ | 23,604 | $ | 23,465 | $ | 23,209 | 0.6 | % | 1.7 | % | |||||
| Kia | $ | 22,833 | $ | 23,209 | $ | 23,172 | -1.6 | % | -1.5 | % | |||||
| Nissan (Nissan, Infiniti) | $ | 29,045 | $ | 27,014 | $ | 28,595 | 7.5 | % | 1.6 | % | |||||
| Subaru | $ | 29,168 | $ | 27,625 | $ | 28,294 | 5.6 | % | 3.1 | % | |||||
| Toyota (Lexus, Scion, Toyota) | $ | 33,236 | $ | 31,151 | $ | 33,038 | 6.7 | % | 0.6 | % | |||||
| Volkswagen (Audi, Porsche, Volkswagen) | $ | 31,837 | $ | 34,005 | $ | 34,178 | -6.4 | % | -6.8 | % | |||||
|
Industry |
$ |
33,127 |
$ |
32,680 |
$ |
34,093 |
1.4 |
% |
-2.8 |
% |
|||||
|
Incentive per Unit Spending |
|||||||||||||||
|
Manufacturer |
Jan. 2017 |
Jan. 2016 |
Dec. 2016 |
Percent Change |
Percent |
||||||||||
| BMW (BMW, Mini) | $ | 6,016 | $ | 4,192 | $ | 5,956 | 43.5 | % | 1.0 | % | |||||
| Daimler (Mercedes-Benz, Smart) | $ | 4,648 | $ | 3,592 | $ | 4,885 | 29.4 | % | -4.8 | % | |||||
| FCA (Chrysler, Dodge, Jeep, Ram, Fiat) | $ | 4,408 | $ | 3,856 | $ | 4,469 | 14.3 | % | -1.4 | % | |||||
| Ford (Ford, Lincoln) | $ | 4,114 | $ | 3,054 | $ | 4,156 | 34.7 | % | -1.0 | % | |||||
| GM (Buick, Cadillac, Chevrolet, GMC) | $ | 4,504 | $ | 4,094 | $ | 4,653 | 10.0 | % | -3.2 | % | |||||
| Honda (Acura, Honda) | $ | 2,231 | $ | 1,672 | $ | 2,289 | 33.5 | % | -2.5 | % | |||||
| Hyundai | $ | 2,602 | $ | 1,904 | $ | 2,603 | 36.7 | % | 0.0 | % | |||||
| Kia | $ | 3,411 | $ | 2,823 | $ | 3,390 | 20.8 | % | 0.6 | % | |||||
| Nissan (Nissan, Infiniti) | $ | 4,335 | $ | 3,502 | $ | 4,463 | 23.8 | % | -2.9 | % | |||||
| Subaru | $ | 1,120 | $ | 570 | $ | 1,170 | 96.6 | % | -4.2 | % | |||||
| Toyota (Lexus, Scion, Toyota) | $ | 2,538 | $ | 2,093 | $ | 2,820 | 21.3 | % | -10.0 | % | |||||
| Volkswagen (Audi, Porsche, Volkswagen) | $ | 4,117 | $ | 3,155 | $ | 4,254 | 30.5 | % | -3.2 | % | |||||
|
Industry |
$ |
3,635 |
$ |
2,990 |
$ |
3,761 |
21.6 |
% |
-3.3 |
% |
|||||
|
Incentive Spending as a Percentage of ATP |
|||||||||||||||
|
Manufacturer |
Jan. 2017 |
Jan. 2016 |
Dec. 2016 |
Percent Change |
Percent |
||||||||||
| BMW (BMW, Mini) | 12.3 | % | 8.3 | % | 11.7 | % | 48.6 | % | 5.2 | % | |||||
| Daimler (Mercedes-Benz, Smart) | 8.1 | % | 6.2 | % | 8.4 | % | 30.8 | % | -4.0 | % | |||||
| FCA (Chrysler, Dodge, Jeep, Ram, Fiat) | 13.2 | % | 11.9 | % | 13.3 | % | 11.6 | % | -0.7 | % | |||||
| Ford (Ford, Lincoln) | 11.1 | % | 8.9 | % | 11.3 | % | 24.2 | % | -1.8 | % | |||||
| GM (Buick, Cadillac, Chevrolet, GMC) | 12.7 | % | 11.3 | % | 12.3 | % | 12.9 | % | 3.6 | % | |||||
| Honda (Acura, Honda) | 8.2 | % | 6.1 | % | 8.2 | % | 34.2 | % | 0.2 | % | |||||
| Hyundai | 11.0 | % | 8.1 | % | 11.2 | % | 35.9 | % | -1.7 | % | |||||
| Kia | 14.9 | % | 12.2 | % | 14.6 | % | 22.8 | % | 2.1 | % | |||||
| Nissan (Nissan, Infiniti) | 14.9 | % | 13.0 | % | 15.6 | % | 15.1 | % | -4.4 | % | |||||
| Subaru | 3.8 | % | 2.1 | % | 4.1 | % | 86.2 | % | -7.1 | % | |||||
| Toyota (Lexus, Scion, Toyota) | 7.6 | % | 6.7 | % | 8.5 | % | 13.6 | % | -10.5 | % | |||||
| Volkswagen (Audi, Porsche, Volkswagen) | 12.9 | % | 9.3 | % | 12.4 | % | 39.4 | % | 3.9 | % | |||||
|
Industry |
11.0 |
% |
9.2 |
% |
11.0 |
% |
19.9 |
% |
-0.5 |
% |
|||||
(Note: This forecast is based solely on ALG’s analysis of industry
sales trends and conditions and is not a projection of the company’s
operations.)
About ALG
Founded in 1964 and headquartered in Santa Monica, California, ALG
is an industry authority on automotive residual value projections in
both the United States and Canada. By analyzing nearly 2,500 vehicle
trims each year to assess residual value, ALG provides auto industry and
financial services clients with market industry insights, residual value
forecasts, consulting and vehicle portfolio management and risk
services. ALG is a wholly-owned subsidiary of TrueCar,
Inc., a digital automotive marketplace that provides comprehensive
pricing transparency about what other people paid for their cars. ALG
has been publishing residual values for all cars, trucks and SUVs in the
U.S. for over 50 years and in Canada since 1981.
Contacts
TrueCar, Inc.
pressinquiries@truecar.com
Veronica
Cardenas, 424-258-2487
VCardenas@truecar.com
