The National Automobile Dealers Association (NADA) issued its 2020 analysis of U.S. auto sales and the economy and its 2021 project for sales.
“The coronavirus pandemic certainly impacted new light-vehicle sales in 2020, not to mention the U.S. economy as a whole,” said NADA chief economist Patrick Manzi. “Our forecast at the start of 2020 estimated new light-vehicle sales would fall by one to two percent compared to 2019 for a total of 16.8 million units sold, but once COVID hit, we knew this would be a different year than anticipated.”
2020 came to a close with new-light vehicle
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