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ZeroSum’s Round Up: Essential Automotive Industry Reading September 2022
The ZeroSum Round Up is a collection of articles, reports, and other information that ZeroSum believes is useful to...
National Trend Update: Moved vehicles are slowing, but month-to-date numbers remain positive.
7-over-7 Day
National Moved Vehicles
-9.4%
Month-to-Date
National Moved Vehicles
+33.8%
ZeroSum’s 7/7 Market Trend data shows the entire nation trending down, with only a quarter of the states beating the national average (-9.4%) for moved vehicles. Florida’s (-0.4%) performance is nearly flat, while California (-0.8%) and Tennessee (-1%) remain close behind.
Month-to-date the national view (+33.8%) is more positive with New York leading the pack at +66.5%.
|
State
|
7-over-7
|
|---|---|
|
National
|
-9.4%
|
|
Florida
|
-0.4%
|
|
California
|
-0.8%
|
|
Tennessee
|
-1%
|
|
Oregon
|
-3.2%
|
|
State
|
MTD
|
|---|---|
|
National
|
+33.8%
|
|
New York
|
+66.5%
|
|
Colorado
|
+64.0%
|
|
Utah
|
+62.7%
|
|
Maryland
|
+57.1%
|
Over the last 30-days, Florida has stayed above last year’s moved numbers, only dipping below 2019 levels a few times. However, as August winds down, moved vehicles will have to jump significantly to end on a high note. ZeroSum shows moved activity and shopping slowing which could make for difficult August.
Shopping is trending down and inventory levels are virtually flat.
Inventory shortages remain a concern across the nation. In the last 7-over-7 day comparison, inventory has barely increased +1%. While shopping has decreased this week (-2.7%) it has been strong enough to empty dealership lots of core models. Until OEMs get staffing, part delays, and other COVID related concerns under control, factories won’t be able to operate at full capacity causing dealerships to scramble for inventory.
Audience Shopping
7-over-7 Days • Nationally
-2.7%
Average Inventory
7-over-7 Days • Nationally