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For the past two years, automotive predictions on vehicle sales have remained consistent. In 2018, NADA predicted approximately 16.7 million new vehicles would be sold, and another 16.8 million would be sold in 2019. In the wake of recent events that led up to the COVID-19 pandemic, ALG, a subsidiary of TrueCar, estimated new vehicle sales may fall by as much as 60%. Furthermore, Cox Automotive has said that in U.S. states under stay-at-home orders, sales fell as much as 80% to 90%.
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