It is second-quarter automaker sales news season, with Automotive News reporting that Toyota has “edged” GM; that Hyundai and Kia are doing well; that even Nissan and Mitsubishi are doing fine. Porsche is doing better than fine.
Porsche Thursday said its second-quarter sales were up in the
Last year wasn’t good for new car sales. Factory shutdowns, lockdowns, and consumer hesitancy caused car sales to crater in the Spring of 2020; stronger sales in the latter months of the year couldn’t erase the early drop.
The coronavirus pandemic pushed UK car sales in 2020 down to the lowest level since 1992, the biggest annual slump since the second world war despite surging sales of electric cars, according to industry data.
Sales fell by 29% during the year to about 1.63m, preliminary figures from the Society
General Motors said its vehicle sales in the United States fell 12 percent in 2020, but increased 5 percent in the fourth quarter from the same period a year earlier, a hopeful sign for the auto industry at the end of a difficult year.
The automaker reported solid performances from
Although sales of passenger vehicles (PVs) and two-wheelers grew in December as also in the October-December quarter, April-December saw virtually every segment of
“When you look back to where we were in March and how dismal things looked, it’s incredible how strong the year ended,” said Michelle Krebs, senior analyst at AutoTrader.
GM made the announcement Tuesday alongside a release of its own fourth-quarter sales figures.
