To nobody’s surprise, 2020 was a rough year for the auto industry. Sales were noticeably lower than in previous years. However, experts predict that auto sales will be making a comeback this year.
auto sales
California to Ban Sales of New Gas-Powered Vehicles by 2035
California Governor Gavin Newsom recently signed an executive order that will ban the sales of newly built gas-powered cars by the year 2035. He said the ban would help in the fight against climate change as more people make the switch to electric, zero-emission vehicles. The order would still allow the sale and ownership of used cars.
BEA: Domestic Autos Outsold Foreign Vehicles
Recent estimates from the Bureau of Economic Analysis (BEA) showed that more car buyers bought domestic vehicles than their foreign counterparts. This comes as the U.S. auto market is attempting to recover from the lockdown as a result of the COVID-19 pandemic.
Ford Returns to Reporting Monthly Auto Sales
After a two-year hiatus, Ford Motor Company has decided to release its U.S. monthly sales reports again. This was reported by Bloomberg and picked up by Automotive News.
New Car Sales Data Forecast Shows Signs of Improvement
With new car sales staging a comeback last month after a horrible showing the previous month, all signs also point to more people getting rid of their junk cars.
