F&I Tools Key Points The US Auto Industry rallied in Quarter 4 of 2019 to exceed 17 million sales for the fifth year in a row.
Stability was achieved through large-scale mergers focused on funding advanced technology alongside luxury and utility.
This has quickly pinpointed a future segment to watch: Luxury utility vehicles with electric powertrains. Upcoming brand Rivian is the F&I Tools top pick to meet the changing consumer demands in the 20's.
USA Vehicle Sales by Quarter 2019 Major Automotive Brands
LIGHT-DUTY CAR SALES DATA Quarter 1 (Jan - Mar) Quarter 2 (Apr - Jun) Quarter 3 (Jul - Sep) Quarter 4 (Oct - Dec) Data listed by manufacturer. Reflects quantity of new car sales.
Notable effort Porsche sparked consumer excitement around the next-generation technology in the new Taycan model, and capitalized on the resulting brand attention.
Porsche sales numbers are listed within parent company VW group not shown separately, however Porsche increased 16% year-over-year in December and 8% for the entire year compared to last.
Global Automotive Industry Snapshot Data in Millions of Vehicles Sold
2015 - 2019
Top 3 Total
2020 Prediction 2020 will see corporate entities buying out smaller operations.
Large scale mergers will give the auto industry the funding it needs to adapt to changing consumer dynamics. Buyers want utility, luxury, and technology; and have shown a willingness to pay full price if the product meets the demand.
High-volume brands will need to thin overstock even more going into 2020 and make room for new nameplates to satisfy these changing consumer demands.
This will lead to the biggest new car discounts in years on existing models.
R&D teams will scramble to refresh brand line-ups with the future tech and electro-gadgets consumers have shown a top-dollar willingness to buy.