Here’s another way for 2020 are the bleachers: the 2021 cars and trucks, which deserve to be quite now, are slightly visible.
According to Cox Automotive, the 2021 models accounted for 3. 3% of new vehicle stock for the week of September 14. A year ago, the new 2020 models accounted for 24. 8% of new vehicle stock.
“We just don’t have the new product on the market,” said Charlie Chesbrough, senior economist at Cox Automotive, at a webinar.
This isn’t just a cosmetic change. It is also a component of the market for new car and truck sellers. Bargain hunters can sometimes do more complicated business at this time of year, assuming distributors will have to remove an excessive source of older models, to make way for a developing source of new models. A.
But this year, the older models are and the newer models are even shorter, when available.
As an anecdote, analysts claim that dealers sell popular models of vehicle delivery trucks, but of course, dealers benefit from this and rate the higher prices, which the market will support so far.
Chesbrough explained that when the COVID-19 pandemic closed auto plants in March and April, the number of new cars in the United States decreased to more than 3 million cars and trucks. “We have a lot of floor to keep up,” he says. At the same time, when dealerships re-opened in many states, U. S. car sales grew much faster than new vehicle production.
The auto plants are in a dead end, Chesbrough said. Should plants close as they do at this time of year to move on to the new Year’s style?There are exceptions, but many factories say it’s impossible. “Manufacturers might not be willing to do so at this time. “Chesbrough said.
The resulting shortage of new cars and trucks is also disappointing for automotive enthusiasts, who love to see, feel, hear and touch the newest technologies built into the new year of style.
It’s true if consumers who need the newest style will settle for last year’s style or just stay out of the market for a while,” Chesbrough said. “Will consumers buy?
I am a journalist with more than 25 years of experience writing and running in the automotive industry. After graduating from the University of North Carolina with a degree in journalism,
I am a journalist with more than 25 years of experience in writing and running in the automotive industry. After graduating in journalism from the University of North Carolina-Chapel Hill, where I was a Morehead Fellow, I started with the much-loved Nashville Banner, My Speed Included Saturn Corp. GM in Spring Hill, Tennessee, while the plant was still a ground gap in addition to Nissan’s giant plant nearby. This became an article in Automotive News, the automotive industry’s main announcement. as an individual workplace in New York, covering European luxury brands, Wall Street, publicly traded broker groups, retail car financing and monthly car sales. A four-year term as head of market research and corporate strategy at Mercedes-Benz USA gave me an internal perspective. More recently, my independent assignments have included Advertising Age, Automotive News, AutoWeek, Bankrate. com, Businessweek. com, CBS Interactive, The Financialist through Credit Suisse, ForbesAutos. com and Forbes. com. I’m also the former editor of Auto Finance News in New York.