Sales of new light vehicles in the United States slipped 3% to 14.9 million units in 2021, as several factors, including the COVID-19 pandemic and global microchip shortages, had an impact on inventory, according to organizations and companies that track data from U.S. automobile dealers and original equipment manufacturers.
New-vehicle inventory levels in the United States totaled 1.1 million units at the end of December, a steep 59% drop from 2.8 million units in the same month the previous year, though up 7% from the end of November, according to the National Automotive Dealers Association.
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“The coronavirus pandemic and resulting microchip shortage and production cuts significantly constrained new-car and truck inventory at dealerships across the country,” NADA’s chief economist, Patrick Manzi, said in a news release. “Constraints further led to suppressed new-vehicle sales, as well as used-vehicle inventory shortages and increased vehicle prices.”