“Eppur si muove”: the US automotive market restarts its engine

“Eppur si muove”: the US automotive market restarts its engine

“Eppur si muove”: the US automotive market restarts its engine by showing recovery signs in September. Most of the demand is for trucks and SUVs. While major manufacturers still can’t show a “+” sign for the year, they show signs of a recovery.

“Eppur si muove”

Many auto manufacturers in the USA are still recording lower sales, compared to the previous year, but, according to analysts (writes the Wall Street Journal),September 2020’s sales should be close to those months prior to the pandemic. It would be the 1st increase since February.

The numbers

As reported by the Sauer Report, GM delivered, in the third quarter of 2020, 665,192 vehicles (-10% compared to the same period of 2019). Ford sold 551,976 units (-4.9%), while FCA reached 507,351 (-10% on yearly basis). Japan’s Toyota and Honda respectively lost 11% and 9% on yearly basis, while VW’s sales decreased by 7.6%. Only Hyundai lost just 1%.

Image from Shutterstock

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