BEA: Domestic Autos Outsold Foreign Vehicles

Recent estimates from the Bureau of Economic Analysis (BEA) showed that more car buyers bought domestic vehicles than their foreign counterparts. This comes as the U.S. auto market is attempting to recover from the lockdown as a result of the COVID-19 pandemic.

Based on its seasonally adjusted numbers, BEA estimated 242,000 U.S.-made cars were sold in the month of October, with a seasonally adjusted annual rate (SAAR) of 2,904,000 units sold. (SAAR is the number of units sold over the last 12 months.) Since a year-low of 124,700 sales in April, domestic car sales saw six consecutive months of gains.

Foreign-made autos did not fare as well last month. According to the BEA, only 75,000 vehicles made outside the U.S. were sold in this country, with a SAAR of only 901,000 units sold. The last time the SAAR for foreign autos hit 1 million was in February 2020, when it was 1,045,000.

Last month’s domestic light truck sales were estimated at 816,000, according to BEA data. It was lower than it was in September (826,900), snapping a five-month winning streak. The same thing happened with October’s SAAR of 9,792,000 units sold, a drop compared to September’s SAAR of 9,923,000.

However, U.S.-made light trucks outsold non-domestic light trucks. Only 217,700 foreign light trucks were sold, and the SAAR was only 2,612,000. Since April, the numbers fluctuated, with month-to-month increases being followed by declines.

If you are thinking of buying a new vehicle, whether it is foreign or domestic, you will need to think about what to do with your older car. Here is a solution: sell it to Gershow Recycling! They will buy your car, no matter how old it is, what model it is and what condition it’s in. Plus, if your car is more than eight years old, Gershow doesn’t need a title.

If you’re looking to sell your unwanted vehicle, look to the experts at Gershow. Call (631) 371-2031 or visit https://clunkersintocash.com/.

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Frankie Jaycox
Frankie Jaycox
1710598033
Communication was easy, overall great process great company to deal with
Hector V
Hector V
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JEFFROY OCONNOR
JEFFROY OCONNOR
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Was effortless, seemless and paperless. John was professional and easy to talk to. Was done within 10 mins.
Nestor Cedeno
Nestor Cedeno
1709825234
It was easy and fast
excellent experience. The driver was super nice and the office people were just as nice.
Mateo Guerrero
Mateo Guerrero
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Very knowledgeable, and very kind staff. I appreciated their support letting go of my vehicle.
Ez in and out good prices
Cash weav
Cash weav
1703695326
They treat me well
I've sold two cars to gershow. The first time I called, they came the same day! Both transactions were smooth and both drivers were incredibly kind! I was surprised by their generous offers on both vehicles. Made a difficult decision so much easier for me. There is no other place on LI that I would ever consider selling a junk car to. Thank you, gershow!
Paul Lewis
Paul Lewis
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I'm very professional so far
Daniel Palacios
Daniel Palacios
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Walter 0
Walter 0
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Debby Tobar
Debby Tobar
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What an amazing experience,so easy and very friendly. Chris the guy who came to tow the car was so nice. Couldn’t believe how easy it was
Thomas Tobin
Thomas Tobin
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Phillip Cornell
Phillip Cornell
1696274656
They are fair with prices and your in and out pretty quick they are very helpful people who work there
Jody Wishnevsky
Jody Wishnevsky
1695431388
Gershow made donating a car extremely easy. From the first timely phone to vehicle pickup everybody involved in the process was polite and professional. Highly recommend.
Don Gabis
Don Gabis
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Gershow Recycling was great to deal with on my transaction. They were extremely helpful and responsive in phone conversations and the pickup was scheduled quickly and executed promptly! I highly recommend there services to anyone who is looking for help with recycling, sales or donations. Thank you Gershow!!
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James F. Pace
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George
George
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awesome 💋fantastic
Her trading work is done with a level of expertise that can only be learned with years of experience at the highest levels. I was blown away by the ingenuity and thoroughness of strategy. I went in knowing 0 about online trading but Mrs Kelly Robert walked me through every step of the process. I made $7000 in just five days of trading, Don’t just recommend, I highly recommend.
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The process for having my vehicle picked up went very smoothly, from start to finish. Employees were kind and professional.
But I really came to post about the driver who came to pick up my vehicle, in hopes he will see this. His name is Kitt, and he was one of the kindest, and most compassionate human beings I’ve ever met. It was a very emotional decision for me to make to have my car taken, and circumstances out of my control made it unbearable. Kitt stepped in and did everything in his power to make sure that I was okay. He was respectful, very well mannered, and you can tell that he is a very loving person.
Thank you, Kitt, from the very bottom of my heart, for coming today.
Omowumi Ojo
Omowumi Ojo
1676552013
most time it is very good to listen to your instinct, after i failed several times trying to trade on my own many told me it is never profitable but i didn't listen and i went for further research and behold i was referred to mrs sherry who help me to trade and manage my account and believe me i have made a lot from this. i appreciate her so much and i will also use this medium to encourage those who are giving up to give her a try and you will see how great she works.. contact her on Email:Murphysherry303@gmail.com
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George Randall
George Randall
1669753755
Been doing business with Gershow for 17/18 years always been fair to me wouldn’t go anywhere else
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Lisa Weyde
Lisa Weyde
1589284680
From the time I researched them and them picking up the car was literally the easiest experience of my life!!!!!! Great, professional, and very friendly.

Thanks to all that I interacted with for a job well done!!
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