HYIP-Man: The recent decline in light-duty vehicle sales has affected cars more than light trucks
Friday, May 29, 2020
The recent decline in light-duty vehicle sales has affected cars more than light trucks
The recent decline in light-duty vehicle sales has affected cars more than light trucks
The 729,000 vehicles sold in the United States in April 2020 amounted to the lowest total since early 2010. The seasonally adjusted annual rate (SAAR) of light-duty vehicle sales in April is the lowest in the U.S. Bureau of Economic Analysis data series that dates back to 1976. Car sales have fallen by a larger percentage than light truck sales: in April, car sales were down 59% from the previous April, and light truck sales were down 42%. These changes in the makeup of vehicle sales have implications for fuel economy because cars tend to use less fuel per mile traveled than light trucks.

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