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Share of U.S. auto intenders delaying vehicle purchases 2020

Around one in three U.S. motorists were planning on delaying their vehicle purchases between March and June 2020. 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 jumped from 4.4 to 14.7 percent between March and April, before dropping to around 11 percent in June.

Percentage of U.S. respondents planning to delay vehicle purchase between March and June 2020

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Source

Release date

2020

Region

United States

Survey time period

March 2020 to June 2020

Number of respondents

1,000+

Age group

18+

Special properties

6-month auto intenders.

Supplementary notes

Purchases and leases.

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.

The source did not specify the type of survey.

The number of respondents ranges between 1,000 and 5,000, according to 2020 Cox Automotive COVID-19 Consumer & Dealer Impact Studies.

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Statistics on "Auto dealers in the United States"

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