Published on Friday, January 29, 2021

U.S. Auto Sales Chartbook. January 2021

New vehicle sales went up 5% in 4Q20 from the previous quarter to 16.2 million units. For 2020, sales declined 14.7% to 14.5 million units, the lowest since 2012. Resilient demand and tighter supply has significantly boosted prices in both the used and new-vehicle segments.

Key points

  • Key points:
  • Demand has been supported by fiscal stimulus, low interest rates, and increasing preferences for car ownership.
  • The pandemic disrupted production, tightening supply and allowing manufacturers to reduce incentives and increase profits.
  • Retail auto sales are expected to continue recovering. On the contrary, the commercial fleet segment will remain subdued until vaccination becomes more widespread and business and leisure travel resumes.
  • Higher prices and weaker commercial fleet sales may prevent new auto sales from returning to the 17 million units threshold in the near term.
  • Electric vehicles increased 11% in 3Q20. The outlook for EVs is positive as the Biden administration is expected to bet heavily on clean energy.

Documents to download



Has this information been useful?

New comment

Be the first one to add a comment.

Load more

You may also be interested in