Saturday, February 27, 2021

Tag: US New Car & Truck Sales in 2019 Fell Below Year 2000 Level

US New Car & Truck Sales in 2019 Fell Below Year 2000 Level, 3rd Year in a Row Below 2016 Peak

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by Wolf Richter, Wolf Street:

20 years of stagnation interrupted by the collapse during the Financial Crisis and subsequent recovery.

Ford finally reported its new-vehicle deliveries this morning, after every other major automaker had reported their deliveries on Friday. So now we have the full picture of what happened with auto sales in 2019. These are deliveries by dealers to their customers, by automakers directly to large fleet customers such as rental fleets, and by automakers directly to their employees. The total was not pretty, but not every automaker was hit by declining sales.