Steel Markets
April 2, 2020
March Auto Sales Plummet Due to Pandemic
Written by Sandy Williams
Auto sales plummeted in March as stay-at-home orders kept consumers from dealer showrooms.
March sales were down significantly following a strong showing in January and February. Toyota Motor NA reported U.S sales tumbled 36.9 percent for the month and 8.8 percent for the quarter. Fiat Chrysler and General Motors noted considerable declines in March and said sales for the quarter fell 10 percent and 7 percent, respectively. Honda sales plunged 48 percent during March and Nissan reported a 30 percent decline for the quarter.
