U.S. demand for light vehicles is soldiering back since the precipitous decline caused by COVID-19.
Growth is expected to temporarily flatten and run at a 14.5 million-unit annualized rate over the final four months of 2020.
Economic headwinds, such as job and wage losses, could slow growth in the short-term. Also, assembly plant shutdowns in the spring caused inventory to drop to 9-year lows.
But over the next 16 months, growth is expected to continue, certainly faster than the sloth-like rebound of the last recession. Learn more in this infographic, sponsored by Ally.