A Tale of Three Industries: A review of registration and migration patterns in the US new vehicle industry

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Trying to have an understanding of the main, underlying drivers of the US
new motor vehicle business can be difficult, and for superior reason. In
the 2021 calendar calendar year in the US, producers promoted 420 products
across 46 brand names, 33 segments, 10 system types and 3 geographic
origins* – and this is ahead of getting into thought motor
sizing, gas type, and trim ranges.

Nonetheless, inspite of this complexity, by examining retail new automobile
registration info and migration designs, S&P International Mobility
has recognized three dominant clusters, or cohorts, within just the
mainstream sector of the sector. These groupings are
significantly greater in retail registration quantity and their
concentrated migration dynamics than any other clusters.

The function of this paper is to establish these three cohorts,
explain their qualities and talk about why it is important to
be knowledgeable of them.

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Authors:

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Posted 09 May well 2022 by Tom Libby, Associate Director Loyalty Answers and Sector Evaluation, Automotive, IHS Markit&#13
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This posting was posted by S&P World Mobility and not by S&P Worldwide Rankings, which is a separately managed division of S&P World wide.