It’s no surprise that national vehicle sales are down -40% YOY. What’s notable is, the last 7-over-7 day comparison shows total moved vehicles up +3% largely due to the used car market bouncing back.
On March 15th, sales began to drop below 2019 total moved numbers and continued to drop until many states adjusted executive orders to allow dealerships sales in a limited fashion. Some of the states most effected by showroom closures were: Michigan, New York, New Jersey, and Pennsylvania.