It should come as no surprise that new car sales are up significantly from March 2020 to March 2021, but that doesn’t stop me from celebrating.
After a tumultuous year, we can see exactly how the auto industry rebounded. Nationally we’re seeing a 32% increase in MoM new car sales and 73% increase in YoY new car sales. State-specific increases range from 22% to 133%, with Pennsylvania (133%), New Jersey (109%), and Nevada (105%) showing the largest YoY jumps in new car sales.
Even with year-over-year inventory levels down 29% nationally, March’s new car sales numbers are the highest we’ve seen so far in 2021. That’s good to see as we head into warmer weather and the busy spring and summer months.
Does this data align with what you’re seeing in your market? How do 2021 sales compare to 2019 and even 2018 numbers at your dealership? Dig into the interactive data from Foureyes to compare specific makes or models and let us know.