Data for number of vehicles is based on information from car shipping load boards. Load volume is not necessarily an indicators of prices, meant to be used as a guide for vehicle shippers, brokers and car haulers. Market analysis for the quantity of cars getting shipped is used to indicate supply and demand of vehicles and car haulers.
Table below indicated changes in load quantities compared to the previous week. Changes greater than 15% are highlighted in red. Dramatic increases or decreases in volume suggest volatility in that particular market.
Northeast – ME, VT, NH, MA, RI, CT, NY, NJ, PA, DE
Southeast – MD, DC, VA, WV, KY, TN, NC, SC, AL, GA, FL
Midwest – OH, IN, MO, KS, WI, MI, MN, IA, NE, SD, ND
South – TX, OK, AR, LA, MS
Northwest – WA, OR, ID, MT, WY
Southwest – CA, NV, UT, AZ, CO, NM
In the week of October 17th, 2011 the overall number of vehicles being shipped was about 16,000. This is 35% less than during the peak of the season in May and June of this year and an insignificant increase by 1% from last week. However a significant year-to-year increase in comparison with 2010. Keeping track of the overall quantity of vehicles being shipped is useful as it strongly correlates with overall shipping prices and market demand.
Seasonal snowbirds are active this fall, in fact 32% of all inbound vehicles are being shipped to Southeastern (SE) states but only 23% are being shipped out. Inbound numbers are up 9% just from last week, with the most significant increases coming from the New England states. This is good news for carriers that run to Florida for the winter, however vehicles being shipped out of the SE are down by about 6%. The only region that had an increase in number of vehicles shipped from SE is to South states like TX, LA and AR. Rates from Florida are dropping as return freight is getting more difficult to find.
Vehicles shipments originating out of Northwest (NW) saw the biggest increase, albeit only because it was the smallest region in comparison. This growth can also be attributed to snowbirds as most of the increase came from southbound shipments.
Northeastern (NE) US accounts for 45% of all car shipping activity, second only to SE which accounts for 64%. It is very important to watch this region as it is important indicator, but in comparison to last week there was little noteworthy change.
Shipping from the South states remained mostly unchanged compared to last week.