Though for most manufacturers year-to-date (YTD) auto sales are still in the red, Q3 results showed signs of a rebound to pre-pandemic levels in the near future.
According to the research data analyzed and published by
Despite a 9.9% sales decline,
Fords' Profit in Q3 2020 Increases By
In Q3 2020, the total US passenger car sales slumped by 21.7% YoY to 904,864 units from 1.16 million in Q3 2019. But for trucks, SUVs and minivans, there was a 4.7% YoY drop from 3.15 million to 3 million. Q2 2020 was considerably worse with 680,000 passenger cars and 2.26 million trucks, SUVs and minivans. From the start of 2018, Q2 2020 was the worst quarter on record, followed by Q1 2020 and then Q3 2020.
For
On the other hand,
The full story, statistics and information can be found here: https://www.finaria.it/research/big-three-us-auto-manufacturers-q3-profits-surpass-9b-amid-9-sales-slump/
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