-June 11,2021-
California new light vehicle registrations declined 2.9 percent during the first three months of this year versus the same period in 2020. However California New Car Dealers expect new registrations to rise 10% in 2021
Lean inventories due to the microchip shortage coupled with strong demand have limited sales says the Sacramento association. During the first three months of 2021, car sales declined 16% but truck sales were up 5.4% Toyota RAV4 was the top selling vehicle while the Ford F-series was the top in its category. In the first quarter used car sales were all down by 6.7%.
Turning to hybrid and electric car sales, dealers say their combined markets is now 20.6% led by hybrid sales that now account for near a 10% market share – up from 7% in 2020. All electric sales were also higher in 2021( see charts).
