Industry Recovery to End Pandemic-Wracked Year
General Motors, Toyota Motor Corp., Volkswagen Group, Subaru, Kia and Mazda experienced Q4 U.S. sales increased further signaling recovery for the industry. Ford Motor Co., FCA US, Honda Motor Co. and Nissan Group all posted lower volume in the final quarter of 2020.
U.S. industry sales totaled approximately 4.3 million in Q4, a drop of approximately 2.8%, retail sales were up 2.7%, and fleet sales were down 2%, Ford Motor Co. said Wednesday. Overall, industry sales rose an estimated 5.2% in December. FCA experienced a 8% decline in Q4 reflecting lower fleet shipments, Jeep saw a 4% decline, 5% for RAM, 31% for Dodge, and 58% for Fiat.