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.
Subaru to Cut U.S. and Japan Output, Citing Chip Shortage
Subaru Corp. will cut output by "several thousand" vehicles this month in Japan and the United States, it said Thursday, citing a global shortage of semiconductors, reports Automotive News.
Pandemic May Not Have Changed Car Buying Habits of Consumers
U.S. consumers still prefer the face-to-face interaction buying a new vehicle used to require.
Ford Mustang Mach-E, F-150, Hyundai Elantra Named N.A. Utility, Truck, and Car Winners
The all-new Ford Mustang Mach-E, an electric vehicle, was named 2021 North American Utility of the Year while the redesigned Ford F-150 pickup was named truck of the year and the Hyundai Elantra took top car honors.
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.
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