US-automotive-inventory-2023-2024

Analysts and forecasters project a “return to normalcy” in the US automotive market in 2024, with inventory and pricing stabilizing.

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 | 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-2018-oct

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.