New Vehicle Sales Expected to Close 2020 Stronger Than Anticipated, According to Edmunds
Edmunds analysts forecast that 14.4 million new vehicles will be sold in 2020 despite significant challenges created by the COVID-19 pandemic
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SANTA MONICA, Calif., Dec. 17, 2020 /PRNewswire/ -- The car shopping experts at Edmunds forecast that 4,036,744 new cars and trucks will be sold in the U.S. in the fourth quarter of 2020. This reflects a 2.8% increase in sales from the third quarter but a 5.7% decrease from Q4 of 2019. Edmunds analysts also estimate that 14,416,447 new vehicles will be sold in 2020, which reflects a 15.5% decrease in sales from 2019. Although this will put 2020 on track to be the lowest sales year for the automotive industry since 2011, Edmunds experts say that the number is much stronger than expected given major disruptions created by the outbreak of the coronavirus (COVID-19) pandemic.