CADA in the News

Media Coverage

January 30, 2020

CADA Press Release

Colorado’s new vehicle registrations declined 2.8% in 2019

New vehicle registrations in Colorado declined 2.8 percent through December 2019 versus year to date in 2018. In contrast, the U.S. market was off 2.9 percent for all of 2019.

The Colorado Automobile Dealers Association (CADA) today released its “Colorado Auto Outlook,” covering data through December 2019, which shows that Colorado’s new vehicle market declined 2.8 percent on registrations of 201,713 new vehicles versus 207,602 in 2018. U.S. registrations declined 2.9 percent during the same period on 13,605,383 new vehicle registrations versus 14,007,852 in 2018.

CADA President Tim Jackson said, “Colorado’s new vehicle registrations in 2019 continue to track the national deceleration in vehicle sales. Light truck demand and luxury brands stayed positive, while compact cars and large cars showed the biggest declines. Electric and hybrid vehicles continued to stagnate at three-to-four percent of market share. On the upside, most Colorado consumers continued to purchase SUVs, crossovers and pickups and will continue to enjoy manufacturers’ incentives and low interest rates. On the macro statewide outlook, Coloradans are benefitting from a solid local and diversified economy, a strong labor market, growing wages and consumer confidence, all of which point to continued optimism in the auto retail market for the year ahead.”

Highlights

Light truck registrations were up 0.6 percent through 2019, while passenger car registrations were down 14.8 percent.
Registrations increased by more than 5 percent for RAM, Tesla, Lincoln, BMW and GMC.
Colorado’s top five market share leaders in 2019 were Toyota, Subaru, Ford, Honda, Chevrolet and Jeep.
Used vehicle registrations in Colorado increased 5.7 percent during the first 11 months of 2019 (only includes vehicles seven years old or newer).
In related data, hybrid powertrain and electric vehicle market share for October and November 2019 only:
Remained at less than 3.5 percent (electric);
Remained below 4 percent (hybrid); and
Remained below 1 percent for plug-in hybrid electric (PHEV).

The Colorado Auto Outlook was prepared for CADA by Auto Outlook, Inc., an independent automotive market research firm in Exton, Penn. All data represents new retail registrations in Colorado and excludes fleet transactions.

Editor’s Note: Registration numbers versus sales numbers run about two months behind, compared to actual sales. Year-to-date figures typically reflect market results. Monthly registration figures can fluctuate, resulting in over or under estimation of actual results, due to processing delays by governmental agencies.

For a copy of the Colorado Auto Outlook email The InterPro Group at zjames@interprogroup.com , or call 303-503-6677.

For more information, contact Tim Jackson at 303-282-1448; cell phone at 303-667-3995; or email tim.jackson@colorado.auto.

December 09, 2019

Highlands Ranch Herald

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November 04, 2019

Devil's Advocate with Jon Caldara

Tim Jackson, President of the Colorado Auto Dealers Association, joins guest host Mike Krause to talk about how California's vehicle regulations affect us in Colorado.

October 31, 2019

Colorado Springs Gazette

CADA President Tim Jackson on the State of the EV Legislation, Trump Tarrifs, and Summer Sales

October 30, 2019

CADA Press Release

Colorado’s new vehicle registrations declined -3.9% YTD

DENVER, Oct. 30, 2019—The Colorado Automobile Dealers Association (CADA) today released its “Colorado Auto Outlook,” which includes details on new car and light truck registrations year to date for 2019. The report shows that Colorado new vehicle registrations through September 2019 versus year to date in 2018 declined 3.9 percent. The U.S. market was off 3.8 percent for the first nine months of 2019.

The state’s new vehicle market declined 3.9 percent during the first nine months of 2019 on registrations of 151,590 new vehicles versus 157,763 in 2018. U.S. registrations declined 3.8 percent during the same period on 10,075,287 new vehicle registrations versus 10,474,632 in 2018.

CADA President Tim Jackson said, “Like driving in heavy snow, Colorado’s new vehicle registrations, year to date, have slowed. While some brands continue to show modest gains, the overall slowdown continues to affect the entire country. Colorado consumers still benefit from manufacturer’s incentives, low interest rates, and anticipation for new car and truck versions just in showrooms. Coloradans also continue to enjoy a solid local economy, strong labor market, growing wages and consumer confidence, which points to continued strength in the auto retail market.”

Highlights

Light truck registrations decreased 0.8 percent YTD, while passenger car registrations were off 14.5 percent.
Registrations increased by more than 5 percent for Tesla, RAM, Lincoln, BMW, Porsche and Hyundai.
Colorado’s top five market share leaders YTD are Toyota, Subaru, Ford, Honda and Jeep.
Non-luxury SUVs led in market share YTD at 47 percent, followed by pickups and vans at 24 percent. Small cars grabbed only a 11 percent market share.
Used vehicle registrations in Colorado increased 8 percent YTD (only includes vehicles seven years old or newer).
In related data, hybrid powertrain and electric vehicle market share YTD
Remained below 3 percent (electric);
Remained at 4.5 percent (hybrid); and
Remained below 1 percent for plug-in hybrid electric (PHEV).

Editor’s Note: Registration numbers versus sales numbers run about two months behind, compared to actual sales. Year-to-date figures will typically be more reflective of market results and monthly registration figures can fluctuate, resulting in over or under estimation of actual results due to processing delays by governmental agencies.

To obtain a copy of the Colorado Auto Outlook email The InterPro Group at zjames@interprogroup.com , or call 303-503-6677.

For more information, please contact Tim Jackson at 303-282-1448; cell phone at 303-667-3995; or email tim.jackson@colorado.auto.