ESA Car Keys | ESA’s Adam Armbruster provides a rapid-fire deepdive on the automotive sector and how sales are rebuilding, by region, vehicle body type, and with what incentives.
ESA Car Keys | 4Q auto sales declined 2.3% year-over-year, and the US market finished the 2019 year at 17.1M units, down 0.7%. This marks five consecutive years of 17M+ units sold. Consumers spent more overall on automotive purchases.
ESA Car Keys | Here’s why the initial concerns about the automotive market were overstated, with September numbers reported and three quarters in the books for 2019.
ESA Car Keys | The 2nd Quarter US auto market was down year-over-year, with imports outperforming domestic brands. Trucks continue to grab market share from passenger vehicles, continuing a multi-year trend.
ESA Car Keys | The first quarter auto market finished near a 17M SAAR pace, but needed a solid March to atone for a lackluster effort in the year’s first two months.
ESA Car Keys | The October US auto market was down year-over-year, but posted some positive surprises. Trucks continue to grab market share from passenger vehicles, continuing a five-year trend.
September’s US auto market was down 5.5% year-over-year, as major manufacturers were all down except for Fiat Chrysler. The projected 2nd half slump continues to materialize.