Been an interesting year for the auto industry to say the least. After a good start to 2020, Covid-19 hit and brought everything to a screeching halt, including assembly plants. As things started to open up a little, production of new vehicles was very slow to ramp up, primarily due to suppliers that were also shut down. This caused a severe new vehicle shortage.
The frustrating part for many in the car business is that consumer demand is there, but the inventory is not.
When the September and third quarter numbers came in, the auto industry was off only 9% this quarter versus the same quarter in 2019, and while that represents about 375,000 sales, I think that is much better than many thought.
Here are your Q3 2020 sales by brand, and how they fared versus the third quarter of 2019:
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