Trends
Overheard: Vehicle Miles Traveled, Year-Over-Year
Vehicle miles traveled in the U.S. in August 2020 was down 12.3% compared to August 2019 but that's not the...
Vehicle miles traveled in the U.S. in August 2020 was down 12.3% compared to August 2019 but that's not the...
For now, the sales rebound has compressed into months what took a couple of years after the 2008-‘09 recession.
In the first two weeks of August this year, Americans recorded nearly 12 million long-distance road trips per day.
We asked counter professionals: “Because of the pandemic, have you had problems getting inventory for your store?”
The gains are starting to come more slowly.
July sales of $8.59 billion were down 1.6% from June, but were up 8.5% over July 2019 sales.
Nothing may illustrate the whiplash effect of covid on the economy more than this chart.
According to the AAA, the cost per mile for operating a small sedan was 16.9 cents per mile in 2019.
According to the Auto Care Factbook, in 2019 the market share of independent repair facilities for auto repairs was 70%.
According to NADA Data 2019, 37.7% of new-car dealerships had on-site body shops in 2019.
