Coronavirus unsurprisingly drives auto sales off a cliff in March

Filed under: Car Buying

U.S. new vehicle sales likely drove off a cliff in March as the coronavirus pandemic pounded consumer confidence and shuttered dealerships across much of the country, and sales are likely to take a further beating in April as social distancing guidelines remain in place. "When you look at March, we basically lost half the month," said Eric Lyman, chief industry analyst at car-shopping website TrueCar.com . A rebound for the sector will likely depend on how long the crisis lasts and wha

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Coronavirus unsurprisingly drives auto sales off a cliff in March originally appeared on Autoblog on Mon, 30 Mar 2020 15:00:00 EDT. Please see our terms for use of feeds.

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