If you had asked me 4 months ago if 1st quarter US auto sales would be down 495,732, nearly half a million units, in the quarter as a whole compared to the 1st quarter of 2019, I’d think you were crazy.
Here’s a look at the dramatic changes from Q1 2019 to Q1 2020 in chart form: Nissan continued the total sales hemorrhaging it’s been experiencing since former CEO Carlos Ghosn was arrested in Japan (and jailed an absurdly long time before he escaped).
Honda and Toyota routinely take the top 4 spots in the car market, with the evergreen Accord, Civic, Camry, and Corolla showing high sales year after year.
Toyota sales were down by about as many units as Tesla sold in total, and Honda sales were down by almost double that.
Will sales rebound since the economic crisis struck the professional class much less than others in society and they tend to buy new cars more?