This week we take a look at total sales of vehicles in the United States from 2005 through 2022 (up to the 3rd quarter of this year).
As you can see, sales were robust in 2005, then fell slightly the following two years. In 2008 the financial crisis hit and crashed sales that year, 2009 was even worse.
Good growth started in 2010 and sales remained robust until 2020 when COVID-19 arrived. Then, of course, we had the microchip shortage hit in 2020 and that continues today.
No way to know yet where 2022 will end up, but best guess is when the smoke clears for 2022, there will be fewer sales than 2021. I’ll let you know in January.
The following sales data is sourced from GoodCarBadCar.net.
|
2005 |
16,881,867 |
|
|
2006 |
16,430,689 |
-2.75 |
|
2007 |
16,008,175 |
-2.64 |
|
2008 |
13,113,899 |
-22.07 |
|
2009 |
10,347,715 |
-26.73 |
|
2010 |
11,510,416 |
10.10 |
|
2011 |
12,695,712 |
9.34 |
|
2012 |
15,376,264 |
17.43 |
|
2013 |
15,490,245 |
0.74 |
|
2014 |
16,424,017 |
5.69 |
|
2015 |
17,404,970 |
5.64 |
|
2016 |
17,500,719 |
0.55 |
|
2017 |
17,212,565 |
-1.67 |
|
2018 |
17,323,849 |
0.64 |
|
2019 |
17,023,894 |
-1.76 |
|
2020 |
14,697,837 |
-15.83 |
|
2021 |
14,954,805 |
1.72 |
|
2022 |
10,738,173 |
|
Photo Credit: goodluz/Shutterstock.com.