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4th Quarter.pdf

San-Diego-Auto-Outlook-Q4-2020.pdf

🔗 Source: ncda.com

📊 Size: 1.61 MB

📄 Pages: 10 pages

⬇️ Downloads: 94

Summary

San Diego County's new vehicle market declined 13.4% in 2020, but is expected to increase by about 6% in 2021, with forecasted registrations exceeding 125,000 units. Key factors driving the market include strong consumer affordability, pent-up demand, and increased desirability for vehicle ownership due to the pandemic. Employment in the county was down 5% at the end of 2020, but is expected to gradually improve. The market is predicted to outperform expectations, with a potential increase in sales driven by low interest rates, increasing incomes, and strong used car values.

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Description

San Diego County's new vehicle market declined 13.4% in 2020, but is expected to increase by about 6% in 2021, with forecasted registrations exceeding 125,000...

Technical Information

File Format: PDF
File Size: 1.61 MB
Pages: 10
Language: EN
Total Downloads: 94
Last Updated: 1 week ago

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