Auto sales in new york
Here are some key statistics and trends related to auto sales in New York:
Market Size:
- New York is the 3rd largest auto market in the United States, with over 2.5 million new vehicle registrations in 2020. (Source: Automotive News Data Center)
- The state has a total of 12,000+ dealerships, with over 30,000 new and used vehicle franchises. (Source: National Automobile Dealers Association)
Top Selling Brands:
- In 2020, the top 5 selling brands in New York were:
- Ford (14.1% market share)
- Chevrolet (12.4% market share)
- Toyota (10.3% market share)
- Honda (9.5% market share)
- Nissan (8.5% market share) (Source: Automotive News Data Center)
Regional Variations:
- Auto sales in New York vary significantly by region. For example:
- The New York City metropolitan area accounts for over 40% of the state's total auto sales.
- The Buffalo-Niagara Falls area has a higher proportion of truck sales, while the Albany-Schenectady-Troy area has a higher proportion of SUV sales.
- The Long Island area has a higher proportion of luxury vehicle sales. (Source: Automotive News Data Center)
Trends:
- Electric vehicle (EV) sales are growing rapidly in New York, with over 10,000 EVs sold in 2020, a 50% increase from 2019. (Source: New York State Energy Research and Development Authority)
- Autonomous vehicles are also gaining traction in New York, with several companies testing self-driving cars on the state's roads. (Source: The Verge)
- Online car shopping is becoming increasingly popular in New York, with many dealerships offering online inventory and financing options. (Source: Automotive News)
Challenges:
- New York has some of the highest taxes and fees in the country, which can make buying a car more expensive for consumers.
- The state's congested roads and parking challenges can also make car ownership more difficult.
- The rise of ride-hailing services like Uber and Lyft has led to a decline in personal vehicle ownership in some areas of the state. (Source: The New York Times)
I hope this information is helpful!