With a Lot of Optimism and Vaccine Hopes, U.S. Auto Sales Could Increase as Much as 10% in 2021

U.S. automakers are suffering from the deepest sales decline in decades, the country is still politically divided, and it’s in the middle of a pandemic. But if officials can quickly roll out a Covid-19 vaccine and stabilize the nation, automotive executives and analysts have reason to hope U.S. vehicle sales will return to some form of normalcy in 2021, reports CNBC.

Stronger Bottom Lines Despite 2020 Sales Dive

A drop-off in auto sales usually sends incentives soaring and profits plummeting. Not in 2020, amid the biggest one-year decline in U.S. light-vehicle sales since the Great Recession, reports Automotive News.