Auto Insider Report

April 2017

Report Introduction & Methodology

The Auto Insider Report April 2017 is our analysis and insight of the current state of the automotive industry.

This report is based on hundreds of millions of data points collected daily on nearly 100% of new cars on dealers’ lots – over 4 million cars (and counting) – across nearly all makes and models. This level of real time market intelligence is unprecedented in our industry, and unique to Carjojo’s technology.  The aim of our report is to highlight key industry trends – days, even weeks – before any other source is made public. Here we’ll highlight automotive sales, inventory and days inventory. All data is based on vehicles in dealer inventory and sold by dealers.

If you have any questions or comments about this report, please feel free to contact us at support@carjojo.com.

Thank you and enjoy,

– Carjojo Team

The Latest Research From The Auto Insider Report April 2017 By Carjojo

Overall Vehicle Inventory Levels Decreased in April

Despite increasing trending inventory counts since the start of the year, April proved to be the month counts corrected themselves, with total inventory numbers decreasing by a little over 100,000 vehicles from March to April. Exceptions to these counts – and with added inventory of 2,000+ each – continued to be Japanese manufacturers Lexus, Toyota and Subaru. Also, Volkswagen added nearly 5,000 vehicles from March to April.

Sales in April compared to the start of the year were up over 21%, with 223,525 more cars sold in April compared to those sold in January.

Chevrolet and Ford sales were up a similar percentage – 21%+ for both brands – from January to April.

Honda sales were also up from January to April, by 20%. They sold over 20,000 more cars last month than they did the first month of the year.

Nissan had a big sales month in April when compared to January – selling 29% more vehicles last month than they did at the start of the year.

Luxury Brand Sales Up In The Month of April

Despite all four brands showing a decrease in inventory levels for the month of April, Acura, Cadillac, Jaguar and Maserati all had strong sales months. In fact – and highest among all brands recorded for the month – Maserati sales were up 56%.

Lincoln, Mercedes-Benz and Subaru all put up nearly identical sales in March and April – nearly 9,000 Lincolns, over 27,000 Mercedes-Benzes and over 156,000 Subarus sold both months.

Porsche sales were also up – by 28.57% – with 2,489 more Porsches sold in April compared to March.

Jaguar sales were up 15.78% compared to March, with over 600 more Jags sold in the month of April.

With nearly 500 additional cars sold from March to April, Land Rover also saw positive sales last month and a half a percentage point increase compared to March.

Carjojo Insider Report for April 2017 Inventory Decreased from March
Carjojo Insider Report for April 2017 Sales Decrease from March 2017
Brand March to April Percent Change in New Inventory Sales New Inventory Sales March to April
Acura

18.53%

14,665

Alfa Romeo

0.97%

103

Audi

-4.24%

16,523

Bentley

-100.00%

3

BMW

-9.90%

22,817

Buick

6.02%

22,854

Cadillac

20.35%

18,314

Chevrolet

-1.57%

157,954

Chrysler

-10.14%

13,724

Dodge

-13.19%

30,195

Fiat

-28.66%

2,411

Ford

-1.37%

156,689

Genesis

-25.57%

958

GMC

3.52%

46,585

Honda

2.69%

121,275

Hyundai

1.84%

48,889

Infiniti

-19.46%

10,113

Jaguar

15.78%

4,195

Jeep

-1.36%

68,814

Kia

4.92%

42,063

Land Rover

7.35%

6,037

Lexus

-22.23%

22,838

Lincoln

5.42%

8,965

Maserati

56.60%

106

Mazda

4.07%

22,834

Mercedes-Benz

-0.25%

27,727

MINI

-5.38%

3,475

Mitsubishi

-17.27%

7,289

Nissan

-7.95%

91,936

Porsche

28.57%

8,711

Ram

-15.53%

37,874

smart

-10.63%

320

Subaru

-2.36%

50,539

Toyota

0.29%

156,856

Volkswagen

-1.04%

24,624

Volvo

-22.00%

4,572

Total

-1.40%

1,273,847

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Previous Auto Insider Reports

2017