Vehicle Volume

Total US passenger vehicle sales in 2020 are expected to total 14.5 million, down from 17 million in 2019. Moreover, in 2020 car prices rose 5.1%, SUV prices rose 6.8%, and large SUVs rose a whopping 11.1%! Thus, the average price rose from $34,000 pre-pandemic to $38,000 in 11/20. Higher demand plays a part, scarcity too. Days supply of inventory are down 20% to 60 days from the normal 75.

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