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

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Trying to fully grasp the core, fundamental motorists of the US
new vehicle market can be demanding, and for fantastic motive. In
the 2021 calendar yr in the US, manufacturers marketed 420 styles
across 46 manufacturers, 33 segments, 10 system designs and a few geographic
origins* – and this is in advance of having into thought motor
dimensions, fuel type, and trim ranges.

However, despite this complexity, by examining retail new car
registration facts and migration patterns, S&P International Mobility
has recognized three dominant clusters, or cohorts, within the
mainstream sector of the business. These groupings are
substantially larger in retail registration quantity and their
concentrated migration dynamics than any other clusters.

The goal of this paper is to discover these a few cohorts,
explain their traits and focus on why it is significant to
be informed of them.

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Authors:

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Posted 09 May perhaps 2022 by Tom Libby, Associate Director Loyalty Methods and Business Evaluation, Automotive, IHS Markit&#13
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This short article was posted by S&P World wide Mobility and not by S&P World wide Ratings, which is a individually managed division of S&P Worldwide.