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.
Car Sales Tanked in 2020, But Dealerships Had Their Most Profitable Year Ever
UK car sales fall to lowest level since 1992 | Automotive industry
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
G.M. said auto sales fell in 2020 but were up in the final three months of the year.
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
Auto sales rise near 11% in October-December 2020
On sales outlook, Ayukawa said while the industry expected 2021 to be better than 2020, it remained tough to predict the future with the pandemic still there.
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
US car sales recover: Americans are buying cars again
“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.
It doesn’t mean that auto sales are
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Despite 2020 sales dive, automakers see stronger bottom lines
A drop-off in auto sales usually sends incentives soaring and profits plummeting. Not in 2020, amid the biggest one-year decline in U.S. light-vehicle sales since the Great Recession.
Instead, tight inventory levels resulted in smaller discounts and a stronger bottom line for many automakers and dealers. In December alone, the