Auto Facts
 
 

 

Incentive’s in March
Posted on: 04/23/2019

Incentive spending per unit fell on a year-over-year basis for the ninth consecutive month in March, according to Power Information Network (PIN) data from J. D. Power.

In March average spending decreased 5.2% to $3,799 per unit.  This decrease in spending marked the first-time incentives have fallen below $3,800 per unit since June 2017.

Supply and demand are a major factor in controlling incentives and in March WardsAuto reported total auto supply fell to 68 days.  On a month-over-month basis, supply was a reduced 9 days relative to February.  



Auto Loan Interest Rates
Posted on: 04/12/2019

According to Edmunds Analysis interest rates on a new vehicle loan hit its highest level in a decade.  The annual percentage rate (APR) on new financed vehicles is expected to average 6.36 percent in March, compared to 5.66 percent last year and 4.44 percent five years ago.  Only about 4 percent of all financed deals in March had zero percent interest rates.  Last year during the same month, 7.44 percent had zero percent loans.

The data from the Edmunds Analysis shows that shoppers receiving interest rates of 10 percent or higher accounted for 14.1 percent of the market in March.  That is the highest level seen since February 2008.  



Incentive Spending
Posted on: 04/12/2019

In February, and for the past eight months, incentives on new vehicle purchases have declined.  According to Power Information Network (PIN) data from J. D. Power, incentive spending per unit fell on a year-over-year basis for the eight consecutive month in February.  Prior to the eight month slide, incentives increased for 54 months.  The average incentive in February was $3,873 per unit.



Used Car Financing
Posted on: 04/09/2019

 

Used-Car Finance Data

 

  March 2019 March 2018 March 2014
Term 67.56 67.18 64.88
Monthly Payment $406 $393 $368
Amount Financed $21,524 $21,202 $19,656
APR 9.50 8.69 8.03
Down Payment $2,715 $2,625 $2,432


New Car Financing
Posted on: 04/09/2019

 

New-Car Finance Data

 

  March 2019 March 2018 March 2014
Term 69.59 69.48 66.40
Monthly Payment $554 $527 $474
Amount Financed $31,962 $31,020 $27,504
APR 6.36 5.66 4.44
Down Payment $4,217 $3,962 $3,665
Average Transaction Price $36,534 $34,623 $31,924


New auto sales in March
Posted on: 04/04/2019

New auro sales in March and year-to-date as reported by Automotive News.  GM sales are estimated.

  March     3 mos.
1 Ford F series 86,497   Ford F series 214,611
2 Ram pickup 45,187   Ram pickup 120,026
3 Chevrolet Silverado* 42,891   Chevrolet Silverado 114,313
4 Chevrolet Equinox* 37,340   Nissan Rogue 93,814
5 Nissan Rogue 35,802   Chevrolet Equinox 88,500
6 Honda Civic 33,653   Honda CR-V 87,280
7 Toyota Camry 33,615   Toyota RAV4 83,820
8 Toyota RAV4 33,166   Toyota Camry 81,684
9 Honda CR-V 31,824   Toyota Corolla 78,608
10 Nissan Sentra 25,633   Honda Civic 78,185

 



New sales in March
Posted on: 04/04/2019

New car sales in March and year-to-date and reported by Automotive News.  GM sales are estimated.

 

March     3 mos.
1 Honda Civic 33,653   Toyota Camry 81,684
2 Toyota Camry 33,615   Toyota Corolla 78,608
3 Nissan Sentra 25,633   Honda Civic 78,185
4 Honda Accord 25,371   Honda Accord 64,411
5 Toyota Corolla 24,479   Nissan Sentra 56,793
6 Nissan Altima 23,075   Nissan Altima 51,480
7 Ford Fusion 18,008   Ford Fusion 41,683
8 Hyundai Elantra 15,866   Hyundai Elantra 36,112
9 Chevrolet Malibu* 11,839   Chevrolet Malibu 34,197
10 Nissan Versa 10,933   Kia Soul 25,55


Light truck sales in March
Posted on: 04/04/2019

Light truck sales for March and year-to-date as reported by Automotive News.  GM sales are estimate

 

March     3 mos.
1 Ford F series 86,497   Ford F series 214,611
2 Ram pickup 45,187   Ram pickup 120,026
3 Chevrolet Silverado* 42,891   Chevrolet Silverado 114,313
4 Chevrolet Equinox* 37,340   Nissan Rogue 93,814
5 Nissan Rogue 35,802   Chevrolet Equinox 88,500
6 Toyota RAV4 33,166   Honda CR-V 87,280
7 Honda CR-V 31,824   Toyota RAV4 83,820
8 Jeep Grand Cherokee 24,665   Ford Explorer 61,922
9 Toyota Tacoma 22,798   Ford Escape 60,702
10 Ford Escape 21,998   Toyota Tacoma 58,183



 
 
 
 
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