Experian Automotive Quarterly Briefing€¦ ·  · 2017-06-21Experian Automotive Quarterly...

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© Experian Public Experian Automotive Quarterly Briefing First quarter 2017 automotive market trends Marty Miller | Senior Product Manager, Vehicles in Operation (VIO)

Transcript of Experian Automotive Quarterly Briefing€¦ ·  · 2017-06-21Experian Automotive Quarterly...

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Experian Automotive Quarterly Briefing First quarter 2017 automotive market trends

Marty Miller | Senior Product Manager, Vehicles in Operation (VIO)

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Today’s presentation

Presentation will be available 24-48 hours after Webinar

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What’s on the Road

• VIO by model year, segment, age & market share

• U.S. light duty vehicles through March 31, 2017

• U.S. power sport vehicles through March 31, 2017

• Global VIO overviewMarty Miller

Senior Product Manager, VIO

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U.S. Total Vehicles in Operation = 286.5M

Light Duty

Passenger Cars, Light Trucks, Vans

Cars and GVW Class 1 - 3

Medium & Heavy Duty

Large Vans, Delivery Trucks, Buses, RVs,

Cement Trucks, Semi-Tractors

GVW Class 4 - 8

Power Sports

Motorcycles, All-Terrain,

Utility Task, Snowmobiles*Q1 2017 includes Puerto Rico

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What’s on the road today?

Light Duty Vehicles

Vehicles in Operation

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Source: Experian

Automotive as of

March 31, 2017

(U.S. light duty

vehicles only)

U.S. Vehicles In Operation – a 12 month view

Q1 2016

259.3millionVehicles on

the road

Q1 2017

268.3millionVehicles on

the road

17.2*

NEWVEHICLES

DEALER

42.2*

USEDVEHICLES

200.7*

NOCHANGES

8.2*

EXIT

Out of Operation

*In millions; Q1 2017 includes Puerto Rico,

Q1 2016 does not.

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VIO change by model year (in millions)Q1 2016 to Q1 2017 New Sales 17.2M

Source: Experian Automotive as of March 31, 2017 (U.S. light duty vehicles only)

Current 20

Model Years

89.1% of VIO

Current 25

Model Years

95.6% of VIO

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Average Vehicle Age – All vs current 20

Source: Experian Automotive as of March 31, 2017 (U.S. light duty vehicles only)

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Average Age Rolling – Current 20 model years

Source: Experian Automotive as of March 31, 2017 (U.S. light duty vehicles only)

Ave

rag

e A

ge

Ro

ll

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VIO Top 20 segments on the road market share

Source: Experian Automotive as of March 31, 2017 (U.S. light duty vehicles only)

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VIO by manufacturer market share

Source: Experian Automotive as of March 31, 2017 (U.S. light duty vehicles only)

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VIO trend by quarter with estimated projectionProjections based on current consumer patterns

Source: Experian Automotive as of March 31, 2017 (U.S. light duty vehicles only)

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• The aftermarket “Sweet Spot” is defined as 6 to 12 model year old vehicles, and because of their age, are out of the general OEM manufacturer warranty for any repairs.

• These vehicles are within a time period when more part replacement or services are needed (e.g. shocks, timing belt service, engine repairs) that may be performed by aftermarket service shops which are supplied by aftermarket part manufacturers and retailers.

• Defining the Sweet Spot size helps identify the overall market potential, and changes can have implications to those that service it.

• “Post Sweet Spot” vehicles are defined as 13 model years old or older, and identify the models where less costs may be spent to service them due to their age and vehicle value.

• “Pre Sweet Spot” vehicles are defined as 5 model years old or newer, and identify the incoming models into the Sweet Spot.

The aftermarket “Sweet Spot” overview“Post” and “Pre” Sweet Spot defined

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Trend of total VIO compared to sweet spot volumesVIO by model year (in millions)

84.9M vehicles within

“Sweet Spot”

(MY2006 – 2012) Pre-Sweet

Spot

Post-Sweet

Spot

Source: Experian Automotive as of March 31, 2017 (U.S. light duty vehicles only)

84.9M86.0M89.4M101.4M

93.7M

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Sweet Spot vehicles – domestics vs imports

Source: Experian Automotive as of March 31, 2017 (U.S. light duty vehicles only)

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Sweet Spot vehicles: Where are they?Index Sweet Spot to total VIO count by state

Source: Experian Automotive as of March 31, 2017 (U.S. light duty vehicles only)

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What’s on the road today?

Power Sport Vehicles – On- & Off-Road

Vehicles in Operation

Motorcycles, All-Terrain,

Utility Task, Scooters,

Snowmobiles

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What’s on the road today? VIO by model yearPower sport vehicles

27.9% of VIO

MY2010+

78.9% of VIO

MY2001+

89.2% of VIO

MY1996+

Vehicles in

Operation

Q1 2017

10.6 million

Source: Experian Automotive as of March 31, 2017 (U.S. power sport vehicles only)

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What’s on the road today? Top 20 brands of power sport vehicles

Source: Experian Automotive as of March 31, 2017 (U.S. power sport vehicles only)

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Market share by Category and SegmentPower sport vehicles

Source: Experian Automotive as of March 31, 2017 (U.S. power sport vehicles only)

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What’s on the road today?

Cars and Trucks

Link to industry standards ACES and TecDoc

Global Vehicles in Operation

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A global market share view of vehicles in operation (VIO)

Source: Experian Automotive/TecAlliance as of March 31, 2017 & June 30, 2016

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Global VIO – Top manufacturers market comparison

Source: Experian Automotive/TecAlliance as of March 31, 2017 & June 30, 2016

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Global VIO – Top 20 makes (brands) out of nearly 500

Source: Experian Automotive/TecAlliance as of March 31, 2017 & June 30, 2016

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• Total VIO for all motorized vehicle types stands at 286.5 million vehicles in the U.S.

• Average Age light duty

– All vehicles is at 11.5 years

– Current 20 model years remains flat at 9.7 years

• For the first time, there are now more import vehicles within the Aftermarket Sweet Spot at 51.5% market share

• 10.6 million power sport vehicles are currently registered in the U.S. with nearly ¼ of them used off-road

• Global VIO

– The U.S. has nearly a 2:1 market share over China, though the China market has had a larger growth in recent years

– Toyota and Volkswagen are the top manufacturers

– With nearly 500 brands represented in the world market, Toyota, Ford and Chevrolet lead the make names

Summary for Q1 2017

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