STLA - New vehicle sales up 5 % in 4Q20 but declined 14.7% for FY2020 - BBVA Research

Following the sharp 2008 crisis, the U.S. auto market was hit severely in 2020 as the global pandemic has impacted sales tremendously.Sales in 2020 declined 14.7% to 14.5M units, the lowest since 2012. Q4 sales grew 5%, on the back of fiscal stimulus, low interest rates and increasing preferences for car ownership.The sharpest drop in sales this year was in April when sales declined by 57.4%.Truck and SUV sales saved maintained the market, especially in the last quarter and the month of December.FCA (STLA) reported 8% decline in sales in Q4 and 17% decline through the year.Ford (F) sales slide 10% in Q4 and 16% for 2020.General Motors (GM) sales up 5% in Q4 but declined 12% for the year.Honda (HMC) reported sales decline of 0.1% in December and 9% in Q4 and 16% for the year.Hyundai (HYMLF) sales grew 2% for the month of December but decreased 10% for the year.Tesla

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New vehicle sales up 5 % in 4Q20 but declined 14.7% for FY2020 - BBVA Research