The US market of light vehicles is down 17.7% over 9 months 2020
- The American car market (USA) for passenger cars and light trucks (considered as passenger cars in Europe and China) fell by 17.7% in the first 9 months of 2020, compared to the first 9 months of 2019, while the decrease reached -22.5% over the first 6 months of 2020, -21.9% over the first 5 months and -20% over the first 4 months, compared to the same period of 2019. There is therefore clearly an improvement in the American market since last July.
- Still positive in February 2020 (+ 10.3%), as it was not yet impacted by the coronavirus crisis, this market swung into the red from March 2020 (-36.9%) and this trend was amplified in April (-46.1%) before returning to a smaller drop in May (-28.7%) and in June (-25.3%).
- The US market benefited a 6.2% increase in September 2020, the first month of growth since last February. With a drop of 17.7% over 9 months, we can now expect a better shape US market in the second half of the year.
- The US market could end the year with an 11.5% drop. It is also highly probable that the lost sales between March and June 2020 will not be caught up, neither this year nor next year.
Contact us: info@inovev.com