Around one in five U.S. motorists were planning on delaying their vehicle purchases between August 2020 and May 2021. The Covid-19 pandemic disrupted the market in spring 2020, leading to record low levels of automobile sales. Amid times of economic uncertainty, many who lost employment due to the coronavirus pandemic remain unable to afford new vehicles. The U.S. unemployment rate dropped from 8.4 percent in August 2020 to 5.8 percent in May 2021.
Percentage of U.S. respondents planning to delay vehicle purchase between August 2020 and May 2021
Includes the number of surveyed people responding "yes" to the question: "Have you done, or do you think you will [delay a vehicle purchase/lease] because of the coronavirus?" and in wave 4, the phrase “have done” was added.
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Cox Enterprises. (May 4, 2021). Percentage of U.S. respondents planning to delay vehicle purchase between August 2020 and May 2021 [Graph]. In Statista. Retrieved July 04, 2022, from https://www.statista.com/statistics/1172674/us-vehicle-purchase-delays/
Cox Enterprises. "Percentage of U.S. respondents planning to delay vehicle purchase between August 2020 and May 2021." Chart. May 4, 2021. Statista. Accessed July 04, 2022. https://www.statista.com/statistics/1172674/us-vehicle-purchase-delays/
Cox Enterprises. (2021). Percentage of U.S. respondents planning to delay vehicle purchase between August 2020 and May 2021. Statista. Statista Inc.. Accessed: July 04, 2022. https://www.statista.com/statistics/1172674/us-vehicle-purchase-delays/
Cox Enterprises. "Percentage of U.S. Respondents Planning to Delay Vehicle Purchase between August 2020 and May 2021." Statista, Statista Inc., 4 May 2021, https://www.statista.com/statistics/1172674/us-vehicle-purchase-delays/
Cox Enterprises, Percentage of U.S. respondents planning to delay vehicle purchase between August 2020 and May 2021 Statista, https://www.statista.com/statistics/1172674/us-vehicle-purchase-delays/ (last visited July 04, 2022)
