Sales of New Cars & Trucks Through October Fell by 2.4 Million Vehicles, to 1985 Levels. Back to the Future.

by Wolf Richter
Wolf Street

For the Ultimate No-Growth Industry: price increases and pushing consumers into more expensive trucks and SUVs.

In October, eight months into the Pandemic, new-vehicle sales in the US recovered roughly, or not quite, to last year’s October level, depending on how the estimate is done — now that we have to rely on estimates — but left the huge hole intact.

The Big Three US automakers stopped reporting actual monthly new-vehicle deliveries, starting with GM in 2018, and other automakers followed. Tesla never reported monthly US deliveries to begin with, only quarterly global deliveries. All automakers report quarterly US deliveries, except Tesla. So now the industry estimates how many new vehicles were delivered every month. Today, the Bureau of Economic Analysis came out with its estimates for October.

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