The Number of New Cars on the Road Keeps Climbing Despite Issues
Surprisingly enough, despite the pandemic, there has been an increase over recent years of people buying new cars.
Written by Serena Aburahma
Reviewed by Kathleen Flear
With the pandemic, buying
new cars
took on a whole new route, down to making purchases online
instead of visiting car dealerships. But, car sales haven't actually been as bad as expected. What have the sales charts shown us for the past few years of new car purchases? Registered new cars on the road from 2019 to 2021
The number of new cars on the road today is steadily rising, despite the fact that 2020 saw the
effects of the pandemic
for both sales and car insurance rates. In 2019, 284.5 million vehicles were registered. California had the most of those sales with 31,247,270. According to a
Finances Online
study, when the year 2020 ended, total sales were 286.9 million units. While it wasn't a huge jump from 2019, it was still an increase, which was impressive with a pandemic in the mix. The vehicle with the highest level of sales was the Toyota RAV4, which topped at 430,387.
For the year 2021, sales increased again, this time reaching 289.5 million units by the end of the year. There was a bit of a drop in sales from December 2020 to January of 2021, though.
April 2020 was the month that had the lowest sales of all the years. Of course, that was when most lockdowns took place in the United States. So, it's not surprising that dealerships took quite a hit that month.
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The best selling vehicles for 2019 to 2021
The three top sellers of light vehicles in the market are General Motors, Toyota, and Ford. While Ford's F-150 sees a good number of sales, pickups in general, don't see the largest share in the market. Crossovers pulled in about 40.8 percent while trucks came in with 17.9 percent.
If you look at the number of sales, you'll see that General Motors sold over 2,500,000 units, which is only about 400,000 more than Toyota. Ford barely breached the two million mark. The brand that didn't sell that many units was Mazda, which ended up selling only 270,076.
What is the future of new car sales?
MORE: New Cars Are Selling Over a Week Faster Than They Did in July
The future is looking bright with sales because electric and hybrid vehicles are the direction that automotive manufacturing is going.
Each model year brings more electric powertrains to the market, with some brands pledging to go fully electric by the year 2030. One automaker, Tesla, is no novice to the field. When it comes to the electric market, Tesla controls about 78 percent of the sales.
In fact, in 2019, its Model 3 unit sold approximately 154,800 cars. Coming in the second spot is Tesla's Model X, which sold 18,500 units that year. Right behind them is Chevy's Bolt, which saw about 16,400 sales.
The only issue with the increasing number of electric vehicles is the charging infrastructure. It's estimated that about 9.6 million charging stations and ports will need to be installed in order to support those electric powertrains.
The other problem is the end of the pandemic and getting back to normalcy. While a lot of things have returned to pre-pandemic states, it's still pretty slow in the automotive industry. But, experts are
expecting 2022 to bounce back
a bit over the previous couple of years. Protecting new cars with the right insurance policy
With the increase in new car sales, there will be an increase in the need for insurance protection. Making sure your investment is safe and secure will require browsing through tons of insurance companies to find the right policy to meet your needs and your budget.
Jerry
can take all the time and frustrations away from the process by doing the browsing for you. We can get you results of the best policies around for the least amount of money. Give us a try today and see how much you can save with us.
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