AUTOMOBILE ACTIVITY
05/07/2024 |
After peaking in CY2016 at 17.5 million, sales of cars and light trucks steadily slid and by CY2019 were 17 million. Between 2020-2022, sales were dismal and peaked in CY2021 at 15 million. While sales rose to 15.5 million units in CY2023, since 4/23 sales have been flat and seasonally adjusted/annualized have averaged 15.6 million units/month, 1.5 million units, or 8%, below their 2019 level. A new normal?