Automakers sold more than 17 million vehicles in the U.S. for a fifth-consecutive year in 2019, an unprecedented feat that many presumed was unattainable when the streak began.
Automakers sold more than 17 million vehicles in the U.S. for a fifth-consecutive year in 2019.
Available credit, low unemployment rates and healthy consumer sentiment all contributed to a robust market for U.S. auto sales in 2019.A row of Fiat Chrysler Automobiles 2017 Crysler Pacifica minivan vehicles are displayed for sale at a car dealership in Moline, Illinois, U.S., on July 1, 2017.DETROIT – Automakers sold more than 17 million vehicles in the U.S. for a fifth-consecutive year in 2019, an unprecedented feat that many presumed was unsustainable when the streak began.
Domestic light-duty vehicle sales totaled almost 17.1 million vehicles last year, a 1.6% decline compared with 2018, according to automotive research and forecast firm Edmunds. The Detroit Big 3 automakers as well as many large foreign competitors such asNew vehicle sales for 2019 were originally forecast to fall to between 16.7 million to 16.9 million, but they are in line with revised estimates after sales proved to be stronger than anticipated last year. For 2020, auto analysts see U.S.
"We're seeing less headwinds and more tailwinds than in the past," said Jeremy Acevedo, senior manager of industry insights at Edmunds. "2019 showed a bit of resilience and shows that there's a bit more left in the tank." Cheap and available credit, low unemployment rates and healthy consumer sentiment all contributed to a robust market for U.S. auto sales in 2019. Acevedo and others expect those trends to continue for 2020.
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