October 27, 2020
car

Car sales are rebounding, but they’re still not back to pre-pandemic levels

US car sales are coming back.



a woman standing in front of a car: A salesperson wearing a protective mask helps a customer viewing General Motors Co. Chevrolet vehicles displayed for sale at a car dealership in Grove City, Ohio, U.S., on Saturday, Aug. 15, 2020. Sport-utility vehicles and trucks are dominating U.S. auto sales like never before as carmakers start to recover from the biggest shock to their industry in decades. Photographer: Ty Wright/Bloomberg via Getty Images


© Ty Wright/Bloomberg/Getty Images
A salesperson wearing a protective mask helps a customer viewing General Motors Co. Chevrolet vehicles displayed for sale at a car dealership in Grove City, Ohio, U.S., on Saturday, Aug. 15, 2020. Sport-utility vehicles and trucks are dominating U.S. auto sales like never before as carmakers start to recover from the biggest shock to their industry in decades. Photographer: Ty Wright/Bloomberg via Getty Images

Major automakers reported their third-quarter sales were down compared to a year ago — but far less than the substantial plunge in sales during the second quarter.

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“It’s coming in better than we thought,” said Michelle Krebs, senior analyst with Cox Automotive.

Auto sales have been hurt by the large jump in unemployment, and millions more people working from home, leaving far fewer people needing a car to get to work. And many people

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