US Automotive Sales in March Decreased Compared to…
US Automotive Sales Decreased in March!.
In the USA, where the wheels stopped in the automotive sector due to the coronavirus epidemic, sales also fell. In the country, which is the second-largest automotive market in the world after China, automotive sales in March decreased by 27 percent compared to the previous month of February.
While 1.4 million cars and light commercial vehicles were sold in the country in February, this figure was measured as 992 thousand 392 in March. Considering that 1.6 million vehicles were sold in the USA in March 2019, it is revealed that the new vehicle sales in the country decreased by 38 percent in a year.
In the USA, the second-largest automotive market in the world, where production has not been carried out in the last two weeks due to the coronavirus outbreak, the expected March sales figures came.
In March, 992 thousand 392 vehicles were sold in the country where the market decreased by 27 percent compared to the previous month. Sales figures were at 1.4 million units in February.
Considering that 1.6 million vehicles were sold in the USA in March 2019, it is seen that there was a 38 percent decrease in new vehicle sales in the country in a year.
According to the figures announced by Wards Intelligence, 11.4 million vehicles are expected to be sold in the USA by the end of the year. The estimation made in February was 16.8 million pieces.
The total number of vehicles sold in the U.S. in 2019 was measured at 17 million. The US automotive market closed 2019 with a 1.3 percent contraction.
Moody’s also predicted that the US automotive market will contract by 15 percent in 2020, the analysis released last week, noted that Western Europe will take the biggest blow from the coronavirus in global markets.
Those who could not produce automotive in the USA, brands started to develop health equipment recently.
Automotive brands Ford, General Motors, Tesla and Toyota, which have factories in the USA, produce masks and ventilators for the hospitals in the USA.