February 3, 2021
Unit car and truck sales rose 2.5% in January to a 16.628 million pace after rising 3.3% in December. Car and truck sales are almost identical to where they were in February prior of last year to the recession. Car sales in February — before the pandemic shutdown were 16.78 million.
Following the 31.4% decline in GDP in the second quarter, we had a 33.1% increase in the third quarter and 4.0% GDP growth in the fourth quarter. We expect GDP growth of 6.0% in 2021.