Report: Auto registrations to have 3rd consecutive annual increase
Hawaii's auto market is forecast to have its third consecutive annual increase this year in new retail light vehicle registrations, according to a report by the Hawaii Automobile Dealers Association released Thursday.
In 2013, Hawaii is forecast to have 45,750 new retail light vehicle registrations, up 7.6 percent from the year before.
In the first quarter of 2013, new retail light vehicle registrations increased 9.8 percent from the same time period last year. Nationally in this category, there was an increase of 8.7 percent.
The light truck market share fell from 50.8 percent in the first quarter of 2012 to 49.6 percent in the first quarter of 2013.
Registrations for the Detroit Three brands (Ford, General Motors, Chrysler) were up 10.4 percent so far in 2013, slightly higher than the 9.8 percent industry increase.
Although the market share of hybrid and electric cars held at around 6 percent year-over-year in the first quarter of 2013, it declined from just over 7 percent in the fourth quarter of 2012. 2012 was a record year for new registrations of hybrid and electric vehicles with 2,744 units.
Top five makes of vehicles in market share so far in 2013 were, in descending order, Toyota, Honda, Nissan, Ford and Chevrolet.
The brands with the largest increases in registrations in the first quarter of this year were BMW, Dodge, Subaru, Land Rover and Honda.
The top-selling cars in the market were the Honda Civic, Toyota Corolla, Honda Accord, Toyota Prius and Toyota Camry.
The top-selling light trucks were the Toyota Tacoma, Honda CRV, Toyota RAV4, Nissan Frontier and Toyota 4Runner.
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