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You are here: Home / News / NADA Examines Impact of Supply Constraints on 2021 Auto Sales

NADA Examines Impact of Supply Constraints on 2021 Auto Sales

January 12, 2022 By CollisionWeek Editor

Association forecasts 2022 sales up 3.4% from last year.

The National Automobile Dealers Association (NADA) issued its analysis of 2021 U.S. auto sales and the economy and projections for 2022.

“The major theme for new-vehicle sales in 2021 was constrained inventory,” said NADA chief economist Patrick Manzi. “The coronavirus pandemic and resulting microchip shortage and production cuts significantly constrained new-car and truck inventory at dealerships across the country. Constraints further led to suppressed new-vehicle sales, as well as used-vehicle inventory shortages and increased vehicle prices.”

In the video embedded below, Manzi discusses the analysis.

 

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Filed Under: News Tagged With: National Automobile Dealers Association, New Vehicle Sales

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