US Vehicle Sales – Bounce Back
U.S. Car and Truck Sales Reach Pre-Recession Sales and Production
In early 2013, U.S. vehicle sales and production reached pre-recession levels to continue the strong growth that ended the year of 2012. For the automotive industry, the recession appears to finally be in the rear-view mirror as normal levels of manufacturing and sales have returned. In terms of history, both sales and production levels sank tremendously after the financial crisis hitting levels that brought the entire industry back several decades earlier. As an example, U.S. car sales had dropped to sales levels that had not been seen since the 1960′s.
U.S. Car Sales – 1951 to 2012
U.S. vehicle production has a similar graph to that of vehicle sales. As you can see below, production dropped in 2008 to levels not seen since the early 1980′s. However, the current levels are now climbing back to pre-recession levels.
U.S. Vehicle Production – 1951 to 2011
Historically speaking, the market share of all the world’s top vehicle manufacturers has been moving up and down every year since the beginning of their production. For reference, see the table below to see how market share for vehicle manufacturers has changed over time. See the “peak” years to see the year when their respective production peaked. Did you know that GM’s market share peaked in 1962 in the U.S.? That BMW’s peaked in 2012? See all the major manufacturers below:
Market Share (2012) & Peak Year and Market Share by Vehicle Make
2012 Market Share %
Peak Market Share %
Peak Market Share Year
Photo courtesy of www.morguefile.com .
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