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U.S. Car Production & Sales and Comparison with Statistics in 2020
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2021-12-02
The greatest initial concern for the industry during the pandemic was the threat of supply shortages. The virus first appeared overseas, where factories producing parts and equipment shut down. COVID-19 broadly hit the U.S. in March 2020, with its impact spreading across the market. Vehicle manufacturers reacted by closing or slowing operations and laying off or furloughing workers. Dealer activities diminished, and consumer demand plummeted. U.S. vehicle transactions in April 2020 were down 53 percent from prior-year levels, according to AutoCount market reports by Experian. This decline was consistent for both new vehicles (down 51 percent) and used ones (down 54 percent).
U.S. Car Production & Sales
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