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.

Stephen Slifer

NumberNomics

Charleston, SC