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Auto Sales Experienced a Reduction for the Second Consecutive Month in February 2023

Intelligent Economics > Analysis > Auto Sales Experienced a Reduction for the Second Consecutive Month in February 2023

On February 2023 auto sales amounted to 9,309 auto units sold, compared to January 2023 value of 9,505 in auto sales was a reduction on auto sales by 2.1% and presents a reduction of 16.3% compared to the February 2022 auto sales of 11,117 units.

While the fluctuating behavior of auto sales and its dependence on other factors, such as interest rates for example, makes comparisons with other months tenuous at best the February 2023 auto sales does present the second consecutive month of reductions in auto sales and the lowest number of sales for the month of February since 2020. As a counterpoint the February 2023 auto sales did also remain higher than all other recorded auto sales of previous years for the February months before, and including, February 2020.

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