Bloomberg Businessweek - USA (2021-02-08)

15

Autos Cars Have Run Out of Gas

Despite all the buzz about how electric vehicles will reshape transportation,

the real transformation in the auto business has been consumers’ race away

from traditional cars and toward so-called light trucks (which include not only

pickups but also SUVs and minivans).

Shareofvehiclessoldin theU.S.

Lighttrucksas

shareofU.S.

vehiclesales

in 2020

Cars Light trucks (includes SUVs)

By vehicles sold

76%

81%

By retail value

90%

50

10

1/1994 11/1997 3/2008 4/2013 12/

ShareofGMvehiclessoldin theU.S.

Cars Light trucks

Cars made up only 8%

of GM’s sales by retail

value in 2020, including

43,000 of models set to

be discontinued.

By vehicles sold

90%

By retail value

92%

Light truck share of vehicle sales in 2020

Q1 1994 Q4 2020

90%

50

10

ShareofFCAvehiclessoldin theU.S.

Cars Light trucks

Light truck sales

made up 91%

of Fiat Chrysler

Automobiles’ sales in 2020 and

have stayed stable since 2018.

By vehicles sold

91%

By retail value

91%

Light truck share of vehicle sales in 2020

Q1 1994 Q4 2020

90%

50

10

ShareofFordvehiclessoldin theU.S.

Cars Light trucks

Ford announced in 2018 that

it would phase out most of its

sedans by 2020,

including the

Fiesta and Fusion.

By vehicles sold

91%

By retail value

94%

Light truck share of vehicle sales in 2020

Q1 1994 Q4 2020

90%

50

10

DATA: BUREAU OF ECONOMIC ANALYSIS, BLOOMBERG INTELLIGENCE, WARDSAUTO