NADA Data 2014

Transcription

NADA Data 2014

2015
ANNUAL FINANCIAL PROFILE OF AMERICA’S FRANCHISED NEW-CAR DEALERSHIPS
Overview
NADA Data—the annual financial profile of new-car dealerships—includes the
many major milestones achieved by the retail auto industry in 2015:
• Franchised dealers sold a record 17.3 million-plus new vehicles.
• Total new-vehicle sales topped $862 billion.
• Dealerships wrote more than 200 million repair orders, with more than $97
billion in service and parts sales.
But what matters even more is that dealers continue to be drivers of economic development in their local communities. Last year, franchised dealers employed more
than 1.1 million workers directly; in addition, hundreds of thousands of other local
jobs were dependent on dealerships. Dealers spent billions last year on contracting,
services, and wages—almost all of which flows right back to the local community.
In each of the past three years, dealership employees have seen their incomes rise
by more than 2 percent and total compensation increase by almost 6 percent. This
has outpaced total compensation in other retail sectors, and dealers boast one of
the highest average salaries of all industries. For 2016, expect dealership employment to reach an all-time high.
Steven Szakaly
Chief Economist, NADA
While employment at a dealership is one of the best paths to the middle-class American dream (and has been so
consistently for decades), customers also have benefited. There is healthy competition between dealers to sell and
service vehicles, and this has meant consistently good deals for consumers. As NADA Data has shown, despite
rising sales profitability has been flat at 2.2 percent for five years.
Overall, the past six years have been the longest period of new-vehicle sales growth since the 1920s. Luckily, the
outlook for 2016 is just as bright.
This year, NADA Data has been completely redesigned, with
easier-to-read charts and graphs.
CONTENTS
Also new: there are now two versions of NADA Data. The
first is a general overview of the retail auto industry, with
infographics that can be shared by print and broadcast news
outlets, as well as on social media. The other, more detailed
version—the one here—looks at each dealership department
as well as trends in dealership advertising; employment and
payrolls; and the retail auto industry as a whole.
New Light-Vehicle Dealerships. . . . . . . 2
To improve the breadth of information provided in NADA Data,
we offer an all-new section focusing on the new- and usedvehicle consumer, with in-depth data provided by Experian.
These stats include average monthly payment, average loan
term, leasing and much more.
Service & Parts Department. . . . . . . . 12
Dealership Financial Trends. . . . . . . . . 4
New Light-Vehicle Department. . . . . . . 7
F&I Department. . . . . . . . . . . . . . . . 10
Used-Vehicle Department . . . . . . . . . 11
Body Shop Department. . . . . . . . . . . 14
Dealership Advertising. . . . . . . . . . . . 15
Employment and Payroll. . . . . . . . . . 17
New- and Used-Vehicle
Consumer . . . . . . . . . . . . . . . . . . . . 20
NADA DATA 2015
| nada.org
1
New Light-Vehicle Dealerships
Average dealership profile
2013
2014
2015
$45,901,608
$48,832,154
$52,143,971
$6,151,839
$6,415,498
$6,791,221
13.4%
13.1%
13.0%
$5,126,568
$5,329,103
$5,624,546
11.2%
10.9%
10.8%
$1,025,272
$1,086,395
$1,166,675
2.2%
2.2%
2.2%
$26,207,080
$28,146,641
$30,212,901
57.1%
57.6%
57.9%
$14,376,071
$15,129,025
$16,057,169
31.3%
31.0%
30.8%
$5,318,457
$5,556,488
$5,873,901
As % of total sales
11.6%
11.4%
11.3%
Advertising expense2
$477,233
$491,424
$520,029
As % of total sales
1.04%
1.01%
1.00%
$616
$608
$617
$458,942
$463,750
$480,967
1.00%
0.95%
0.92%
$593
$574
$571
($69,358)
($89,424)
($120,503)
-0.15%
-0.18%
-0.23%
($90)
($111)
($143)
$31,762
$32,618
$33,419
Gross as % of selling price
3.78%
3.63%
3.42%
Retail gross profit excluding F&I
$1,200
$1,186
$1,144
Used-vehicle selling price (retail)
$18,111
$18,846
$19,397
13.04%
12.48%
12.23%
$2,361
$2,353
$2,372
Total dealership sales
Total gross1
As % of total sales
Total expense
As % of total sales
Net profit before tax
As % of total sales
New-vehicle department sales
As % of total sales
Used-vehicle department sales
As % of total sales
Service and parts department sales
Per new-vehicle retailed
Rent & equivalent
As % of total sales
Floor plan interest
As % of total sales
New-vehicle selling price (retail)
Gross as % of selling price
Retail gross profit excluding F&I
Source: NADA Industry Analysis Division
1. Gross profit includes cost of goods sold but not SG&A or advertising.
2. Advertising expense includes advertising and sales promotion less advertising rebates.
NADA DATA 2015
| nada.org
2
New Light-Vehicle Dealerships (continued)
New light-vehicle dealerships by state, 2015
269
Alabama
Nebraska
Alaska
29
Arizona
243
New Hampshire
138
Arkansas
202
New Jersey
445
California
1,319
New Mexico
111
Nevada
94
Colorado
243
New York
834
Connecticut
252
North Carolina
573
52
North Dakota
79
Delaware
Florida
843
Ohio
710
Georgia
485
Oklahoma
259
Hawaii
68
Oregon
219
Idaho
96
Pennsylvania
862
Illinois
712
Rhode Island
51
Indiana
385
South Carolina
250
Iowa
295
South Dakota
88
Kansas
212
Tennessee
Kentucky
239
Texas
1,142
Louisiana
269
Utah
136
Maine
109
Vermont
83
Maryland
290
Virginia
452
Massachusetts
388
Washington
307
Michigan
602
West Virginia
135
Minnesota
328
Wisconsin
458
Mississippi
171
Wyoming
52
Missouri
378
Montana
100
Total U.S.
16,545
NADA DATA 2015
| nada.org
Total New-Car
Dealerships
161
16,545
Number of dealerships, by volume of
new-unit sales, 2015
Number of
dealerships
5000
4000
327
3000
2000
1000
0
0-149
150-399 400-749
750+
Annual new-unit sales
3
Dealership Financial Trends
Total sales by state, 2015
All
dealerships
($ millions)
State
Alabama
Average per
dealership
($ thousands)
State
All
dealerships
($ millions)
Average per
dealership
($ thousands)
$12,164
$45,219
Nebraska
$6,549
$40,677
Alaska
$1,411
$48,671
Nevada
$6,741
$71,710
Arizona
$17,802
$73,259
New Hampshire
$5,413
$39,227
Arkansas
$7,972
$39,464
New Jersey
$32,504
$73,043
California
$96,189
$72,926
New Mexico
$5,102
$45,968
Colorado
$13,902
$57,208
New York
$44,588
$53,463
Connecticut
$11,371
$45,121
North Carolina
$25,544
$44,580
$3,181
$61,177
North Dakota
$3,539
$44,799
Florida
$59,975
$71,145
Ohio
$31,103
$43,806
Georgia
$29,680
$61,197
Oklahoma
$11,698
$45,167
Hawaii
$2,853
$41,952
Oregon
$8,042
$36,723
Idaho
$3,798
$39,567
Pennsylvania
$36,974
$42,893
Illinois
$33,589
$47,175
Rhode Island
$2,476
$48,555
Indiana
$15,993
$41,540
South Carolina
$10,955
$43,821
Iowa
$9,442
$32,005
South Dakota
$2,970
$33,745
Kansas
$7,884
$37,188
Tennessee
$15,515
$47,446
Kentucky
$9,689
$40,540
Texas
$84,747
$74,209
Louisiana
$13,876
$51,585
Utah
$7,649
$56,245
$3,662
$33,599
Vermont
$2,019
$24,323
Maryland
$17,729
$61,135
Virginia
$22,227
$49,175
Massachusetts
$19,089
$49,198
Washington
$15,637
$50,936
Michigan
$25,734
$42,748
West Virginia
$4,966
$36,785
Minnesota
$14,887
$45,387
Wisconsin
$15,707
$34,294
Mississippi
$6,106
$35,707
Wyoming
$1,732
$33,306
Missouri
$17,167
$45,416
Montana
$3,179
$31,790
Total U.S.
$862,722
$52,144
Delaware
Maine
NADA DATA 2015
| nada.org
4
Dealership Financial Trends (continued)
Total sales of new-vehicle dealerships
1000
60
All dealerships (left scale)
Average per dealership (right scale)
50
800
40
600
30
400
2007
2008
2009
2010
2011
2012
2013
2014
2015
20
Source: U.S. Department of Commerce and NADA Industry Analysis Division
Share of total dealership sales dollars, 2014 vs. 2015
Service
and parts
Service
and parts
11.4%
31.0%
11.3%
57.6%
Used vehicles
New vehicles
2014
30.8%
57.9%
Used vehicles
New vehicles
2015
NADA DATA 2015
| nada.org
5
Dealership Financial Trends (continued)
New-vehicle department net profit
Average dealership, in thousands of dollars, including F&I
$100
0
-100
-200
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Used-vehicle department net profit
Average dealership, in thousands of dollars, including F&I
$150
90
30
0
-30
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2011
2012
2013
2014
2015
Service and parts department net profit
Average dealership, in thousands of dollars
$400
300
200
100
0
2006
2007
2008
2009
2010
NADA DATA 2015
| nada.org
6
New Light-Vehicle Department
New-vehicle inventories and days’ supply
Inventory (in millions)
4.0
Days’ supply
Total
3.5
domestic
2,867,653
80
import
Import
655,522
Domestic
3.0
70
NEW-CAR INVENTORY
3,523,175
2.5
2.0
60
1.5
Domestic
1.0
Import
50
NEW-VEHICLE
DAYS’ SUPPLY
.5
65 55
domestic
import
40
0
2010
2015
2010
2015
Number of new vehicles sold and selling price
Year
New vehicles sold
Average retail selling price
2006
840
$28,450
2007
837
$28,800
2008
713
$28,350
2009
615
$28,966
2010
714
$29,793
2011
793
$30,659
2012
896
$30,910
2013
960
$31,762
2014
1,003
$32,618
2015
1,050
$33,419
D
SOL
$33,419
AVERAGE SELLING PRICE OF
NEW VEHICLES SOLD
(by new-vehicle dealerships)
NADA DATA 2015
| nada.org
7
New Light-Vehicle Department (continued)
New light-duty vehicle sales, by year
Year
New cars
Light-duty trucks
Total light-duty
vehicles
Light-duty trucks
as % of total
2006
7,780,800
8,721,000
16,502,700
52.8%
2007
7,618,400
8,470,900
16,089,300
52.6%
2008
6,813,550
6,381,050
13,194,600
48.4%
2009
5,456,300
4,945,400
10,401,700
47.5%
2010
5,635,400
5,919,100
11,554,500
51.2%
2011
6,089,300
6,644,900
12,734,200
52.2%
2012
7,242,800
7,199,000
14,441,800
49.8%
2013
7,582,500
7,942,300
15,524,800
51.2%
2014
7,688,900
8,748,100
16,437,000
53.2%
2015
7,525,023
9,861,024
17,386,047
56.7%
Gross margin as percentage of selling price
New vehicles retailed
15%
14
13
12
2010
2011
2012
2013
2014
2015
NADA DATA 2015
| nada.org
8
New Light-Vehicle Department (continued)
Market share, by manufacturer
0.06
● Gain
● No change
● Loss
0.04
Subaru
Loss/Gain
0.02
FCA
Other*
Daimler
0
Nissan
-0.02
BMW
HyundaiKia
VW
-0.04
Toyota
Ford
GM
Honda
-0.06
*Other is JLR, Mitsubishi, Mazda, Tesla, Volvo
New-vehicle sales and market share, by manufacturer
Year
FCA
2,228,100
Ford
2,548,900
GM
3,082,400
Toyota
Honda
Nissan
2,499,300
1,586,500
1,484,900
Volkswagen
349,400
Other
Total
3,601,000
17,380,500
2015
12.82%
14.67%
17.73%
14.38%
9.13%
8.54%
2.01%
20.72%
Source: WardsAuto
NADA DATA 2015
| nada.org
9
F&I Department
Aftermarket income
As % of new- and used-vehicle department gross profit
50
Total
40
30
Service contract and other
20
10
Finance and insurance
0
2005
2007
2009
2011
2013
2015
Service contract penetration rates
As % of new- and used-vehicle department gross profit
50
40
30
2005
2007
2009
2011
2013
2015
NADA DATA 2015
| nada.org
10
Used-Vehicle Department
Used-vehicle sales by new-vehicle dealerships
Sources of used vehicles retailed by dealerships
In millions
4%
15
Street
purchase
12
26%
9
6
4%
Other
Trade-in on
new vehicle
24%
Trade-in on
used vehicle
3
0
42%
Auction
purchase
2010
2011
2012
2013
2014
2015
Average retail selling price of used vehicle
retailed by new-light dealerships, by year
In thousands
$20.0
D
SOL
$19,397
17.5
AVERAGE SELLING PRICE OF
USED VEHICLES SOLD
(by new-vehicle dealerships)
15.0
2010
2011
2012
2013
2014
2015
NADA DATA 2015
| nada.org
11
Service & Parts Department
Dealerships’ total service and
parts sales, 2015 (in billions of dollars)
Dealerships’ total service and parts sales, 2015
Service
sales
(in billions
of dollars)
Service labor
labor sales
(in billions
of dollars)
$20
Service labor sales
Customer mechanical
15
10
5
0
Customer
mechanical
Customer
body
Warranty
Sublet
Internal
Customer body
4.20
Warranty
9.65
Sublet
3.38
Internal
7.94
Other
1.67
Other
Total service labor
Parts sales
sales (in(in
billions
of dollars)
Parts
billions
of dollars)
Customer mechanical
10
Customer body
Wholesale
5
Customer Customer
mechanical
body
$43.47
Parts sales
$15
0
$16.62
Wholesale
Counter
Warranty
Internal
Other
Dealerships’ total service and parts sales
$100
3.42
13.63
Counter
2.77
Warranty
10.28
Internal
5.24
Other
4.16
Total parts
In billions of dollars
$14.20
$53.72
$97.18 billion
SERVICE & PARTS SALES
(for all new-vehicle dealerships)
80
60
2010
2011
2012
2013
2014
2015
NADA DATA 2015
| nada.org
12
Service & Parts Department (continued)
Profile of dealerships’ service and parts operations, 2015
Total service and parts sales
Total gross profit as percent of service and parts sales
Average dealership
All dealers
$5,873,901
$97.18 billion
46.45%
Total net profit as percent of service and parts sales
6.19%
Total number of repair orders written
15,621
Total service and parts sales per customer repair order
$257
Total service and parts sales per warranty repair order
$239
Number of technicians (including body)
258 million
15
248,175
$332,703
$5.50 billion
Number of service bays (excluding body)
Total parts inventory
Average customer mechanical labor rate
136
$5.87 million
SERVICE & PARTS SALES
(per new-vehicle dealership)
NADA DATA 2015
| nada.org
248,175
TECHNICIANS
(including body shop)
258 million
REPAIR ORDERS WRITTEN
13
Body Shop Department
Dealerships operating on-site body shops
Percent of total dealership population
45%
40
35
30
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Total dealership body shop sales
$10
8
6
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
NADA DATA 2015
| nada.org
14
Dealership Advertising
Total franchised dealership advertising expenditures
$10
8
6
4
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2009
2010
2011
2012
2013
2014
2015
Total dealership advertising
Per new unit sold
$800
700
600
500
2006
2007
2008
NADA DATA 2015
| nada.org
15
Dealership Advertising (continued)
Advertising expenditures by medium, 2015
Newspaper
Other
8.7% 13.9%
Radio
27.8%
16.1%
Internet
9.8%
23.7%
TV
Direct Mail
Estimated advertising expenses per dealership, 2015
By media used
Average of
all dealerships
Newspapers
$72,284
Radio
$83,725
TV
$123,247
Direct mail
$50,963
Internet
$144,568
Other
$45,243
Total
$520,029
Total advertising as a % of total sales
1.00%
NADA DATA 2015
| nada.org
16
Employment and Payroll
Estimated number of new light-vehicle dealership employees by state, 2015
State
Alabama
Total Number
All Dealers
Average Number
per Dealership
State
Total Number
All Dealers
Average Number
per Dealership
14,853
55
North Carolina
33,958
59
Alaska
2,199
76
North Dakota
3,618
46
Arizona
23,663
97
Ohio
41,979
59
Arkansas
8,833
44
Oklahoma
16,953
65
California
126,356
96
Oregon
13,342
61
Colorado
18,832
77
Pennsylvania
48,982
57
Connecticut
13,990
56
Rhode Island
3,145
62
Delaware
4,375
84
South Carolina
15,203
61
Florida
80,871
96
South Dakota
3,876
44
Georgia
35,029
72
Tennessee
19,302
59
Hawaii
4,073
60
Texas
98,669
86
Idaho
5,979
62
Utah
9,249
68
Illinois
45,027
63
Vermont
3,128
38
Indiana
21,976
57
Virginia
30,161
67
Iowa
12,211
41
Washington
22,828
74
Kansas
10,435
49
West Virginia
5,962
44
Kentucky
13,079
55
Wisconsin
23,753
52
Louisiana
15,896
59
Wyoming
2,105
40
5,778
53
Maryland
23,335
80
Total U.S.
1,110,700
67
Massachusetts
24,139
62
Michigan
36,312
60
Minnesota
18,748
57
Mississippi
7,689
45
Missouri
22,293
59
Montana
4,221
42
Nebraska
7,378
46
Nevada
9,444
100
New Hampshire
7,220
52
New Jersey
32,087
72
New Mexico
7,243
65
50,923
61
Maine
New York
NADA DATA 2015
| nada.org
67
,
,
1110 700
DEALERSHIP EMPLOYEES
Average per
dealership
17
Employment and Payroll (continued)
Average weekly earnings of new light-vehicle dealership employees by state, 2015
Alabama
$1,034
Indiana
$949
Nebraska
$1,008
South Carolina
$1,000
Alaska
$1,095
Iowa
$955
Nevada
$1,211
South Dakota
$1,037
Arizona
$1,109
Kansas
New Hampshire
$1,128
Tennessee
$1,076
Arkansas
$1,024
Kentucky
$976
New Jersey
$1,249
Texas
$1,238
California
$1,185
Louisiana
$1,054
New Mexico
$995
Utah
$1,001
Colorado
$1,131
Maine
Connecticut
$1,171
Maryland
Delaware
$1,049
Florida
$1,007
New York
$1,178
Vermont
$978
$1,082
North Carolina
$1,004
Virginia
$1,067
Massachusetts
$1,214
North Dakota
$1,027
Washington
$1,073
$1,088
Michigan
$1,077
Ohio
Georgia
$1,083
Minnesota
$974
Oklahoma
Hawaii
$1,139
Mississippi
$982
Oregon
Idaho
Illinois
$940
West Virginia
$897
$1,063
Wisconsin
$844
$1,001
Wyoming
$1,025
U.S. Total
$1,087
$965
Missouri
$1,007
Pennsylvania
$985
$1,030
Montana
$952
Rhode Island
$1,102
Estimated number of dealership employees
1200
$968
Dealership employment by position, 2015
80
Total of all dealerships (left scale)
Average number per dealership (right scale)
New and Used
Salespeople
Supervisors,
Others
70
24.2%
1000
20.1%
20.0%
60
35.7%
800
50
2010
NADA DATA 2015
2011
2012
| nada.org
2013
2014
2015
Technicians
Other S&P
employees
18
Employment and Payroll (continued)
Annual payroll of new-vehicle dealerships by state, 2015
Total all
dealers
(billions)
Average per
dealership
(millions)
Total all
dealers
(billions)
Average per
dealership
(millions)
Total all
dealers
(billions)
Average per
dealership
(millions)
Alabama
$0.80
$2.96
Indiana
$1.08
$2.81
Nebraska
$0.39
$2.40
Alaska
$0.12
$4.30
Iowa
$0.60
$2.05
Nevada
$0.59
$6.31
Arizona
$1.36
$5.60
Kansas
$0.54
$2.57
New Hampshire
$0.42
$3.06
Arkansas
$0.47
$2.32
Kentucky
$0.66
$2.77
New Jersey
$2.08
$4.67
California
$7.77
$5.89
Louisiana
$0.87
$3.23
New Mexico
$0.37
$3.37
Colorado
$1.10
$4.54
Maine
$0.28
$2.58
New York
$3.11
$3.73
Connecticut
$0.85
$3.37
Maryland
$1.31
$4.52
North Carolina
$1.77
$3.09
Delaware
$0.24
$4.58
Massachusetts
$1.52
$3.92
North Dakota
$0.19
$2.44
Florida
$4.56
$5.41
Michigan
$2.03
$3.37
Ohio
$2.11
$2.97
Georgia
$1.97
$4.06
Minnesota
$0.95
$2.89
Oklahoma
$0.93
$3.61
Hawaii
$0.24
$3.54
Mississippi
$0.39
$2.29
Oregon
$0.69
$3.16
Idaho
$0.30
$3.12
Missouri
$1.16
$3.08
Pennsylvania
$2.50
$2.90
Illinois
$2.41
$3.38
Montana
$0.21
$2.08
Rhode Island
$0.18
$3.53
South Carolina
$0.79
$3.15
South Dakota
$0.21
$2.37
Tennessee
$1.08
$3.29
Texas
$6.34
$5.55
Utah
$0.48
$3.53
Vermont
$0.16
$1.91
Virginia
$1.67
$3.69
Washington
$1.27
$4.14
West Virginia
$0.28
$2.05
Wisconsin
$1.04
$2.27
Wyoming
$0.11
$2.15
U.S. Total
$62.56
$3.78
State
State
Annual payroll of new-vehicle dealerships
$70
$4.0
Total of all dealerships (left scale), in billions
Average per dealership (right scale), in thousands
60
3.5
50
3.0
40
2.5
30
2010
NADA DATA 2015
2011
| nada.org
2012
2013
2014
2015
State
19
New- and Used-Vehicle Consumer
Credit Score Ranges
Percentage of vehicles with financing
Category
Score Range
Super prime
781-850
Prime
661-780
Nonprime
601-660
20
Subprime
501-600
0
Deep subprime
300-500
■ New ■ Used
100
80
60
81.38%
82.22%
53.3%
50.9%
82.08%
52.8%
83.74%
53.5%
83.99%
55.2%
85.91%
54.7%
40
Q4 2010
Q4 2011
Q4 2012
Q4 2013
Q4 2014
Q4 2015
Consumer leasing
New leasing by risk segment
100
35
30
26.75%
26.15%
48.75%
47.84%
17.15%
17.69%
6.93%
7.78%
Q4 2014
Q4 2015
80
25
20
60
15
40
10
Q4 2010
Q4 2011
Q4 2012
Q4 2013
Q4 2014
Q4 2015
Lease % of all new
Lease % of new financing
Lease % of total
20
0
■ Super prime ■ Prime ■ Nonprime ■ Subprime
NADA DATA 2015
| nada.org
Source: Experian Automotive
20
New- and Used-Vehicle Consumer (continued)
Average monthly payment
New-vehicle market share by lender type
■ Q4 2014 ■ Q4 2015
$600
Finance
Credit Union
500
400
4.9%
10.1%
$11
$482 $493
$4
$355 $359
300
35.1%
Bank
200
49.8%
Captive
100
0.2%
BHPH
0
New
Used
Average loan term, in months
■ Q4 2014 ■ Q4 2015
68
one month
67
67
66
65
66
64
one month
63
63
62
62
61
60
59
New
NADA DATA 2015
| nada.org
Used
21
Average loan credit scores by vehicle type
■ New ■ Used
800
750
711
726
736
732
727
723
653
Q4 2011
715
712
711
650
646
648
649
Q4 2012
Q4 2013
Q4 2014
Q4 2015
700
650
640
647
657
659
Q4 2009
Q4 2010
600
Q4 2007
Q4 2008
For more information on Experian data please contact [email protected].
NADA DATA 2015
| nada.org
22
New-vehicle loan origination
New-vehicle share
New-vehicle share
New-vehicle share
New-vehicle share
Alabama
1.70%
Iowa
0.82%
Montana
0.29%
Pennsylvania
4.32%
Alaska
0.24%
Kansas
0.63%
Nebraska
0.33%
South Carolina
1.54%
Arizona
2.27%
Kentucky
0.99%
Nevada
1.17%
South Dakota
0.30%
Arkansas
1.19%
Louisiana
1.81%
New Hampshire
0.48%
Tennessee
2.06%
California
12.68%
Maine
0.39%
New Jersey
2.28%
Texas
12.59%
Colorado
1.65%
Maryland
2.62%
New Mexico
0.59%
Utah
0.85%
Florida
7.41%
Massachusetts
1.86%
New York
4.70%
Vermont
0.19%
Georgia
3.28%
Michigan
2.04%
North Carolina
3.58%
Virginia
3.02%
Idaho
0.29%
Minnesota
1.68%
North Dakota
0.27%
Washington
2.04%
Illinois
4.58%
Mississippi
0.87%
Ohio
3.61%
West Virginia
0.52%
Indiana
1.51%
Missouri
1.85%
Oregon
1.29%
Wisconsin
1.62%
2.04
0.29
1.29
0.30
0.29
1.17
0.33
0.85
1.65
12.68
0.19
0.27
1.68
1.62
4.32
1.85
1.51
0.59
0.52
1.81
3.02
0.99
2.62
3.58
1.54
1.19
12.59
2.28
3.61
2.06
2.27
0.48
1.86
4.70
2.04
0.82
4.58
0.63
0.39
0.87
1.70
3.28
7.41
0.24
HI
■ <1%
NADA DATA 2015
■ 1.0-2.0%
| nada.org
■ 2.1-3.0%
■ 3.1-4.0%
■ 4.1-6.0
■ 6.1-12%
■ >12.1%
23
Used-vehicle loan origination
Used-vehicle share
Used-vehicle share
Used-vehicle share
Used-vehicle share
Alabama
2.09%
Iowa
1.55%
Montana
0.31%
Pennsylvania
4.40%
Alaska
0.27%
Kansas
1.02%
Nebraska
0.44%
South Carolina
1.91%
Arizona
2.23%
Kentucky
1.08%
Nevada
1.21%
South Dakota
0.37%
Arkansas
1.12%
Louisiana
0.77%
New Hampshire
0.54%
Tennessee
2.92%
California
9.56%
Maine
0.48%
New Jersey
0.54%
Texas
10.04%
Colorado
1.99%
Maryland
1.98%
New Mexico
0.48%
Utah
1.14%
Florida
6.75%
Massachusetts
1.67%
New York
4.46%
Vermont
0.17%
Georgia
3.29%
Michigan
3.02%
North Carolina
4.01%
Virginia
2.61%
Idaho
0.42%
Minnesota
2.36%
North Dakota
0.28%
Washington
2.21%
Illinois
4.20%
Mississippi
1.31%
Ohio
4.80%
West Virginia
0.58%
Indiana
2.56%
Missouri
2.03%
Oregon
1.32%
Wisconsin
1.95%
2.21
0.31
0.17
0.28
1.32
0.37
0.42
1.21
2.36
1.99
9.56
4.40
4.20
1.02
2.03
2.56
0.48
0.58
0.77
2.61
1.08
1.98
4.01
1.91
1.12
10.04
2.08
4.80
2.92
2.23
0.54
1.67
4.46
3.02
1.55
0.44
1.14
1.95
0.48
1.31
2.09
3.29
6.75
0.27
HI
■ <1%
■ 1.0-2.0%
NADA DATA 2015
| nada.org
■ 2.1-3.0%
■ 3.1-4.0%
■ 4.1-6.0%
■ 6.1-8.0%
■ 8.1-10.0%
■ >10.1%
24

NADA Data 2014

Transcription

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