Share of U.S. auto intenders delaying vehicle purchases 2021

Published by
Mathilde Carlier,
Sep 7, 2022
Around one in five U.S. motorists were planning on delaying their vehicle purchases between August 2020 and May 2021. The Covid-19 pandemic disrupted the market in spring 2020, leading to record low levels of automobile sales. Amid times of economic uncertainty, many who lost employment due to the coronavirus pandemic remain unable to afford new vehicles. The U.S. unemployment rate dropped from 8.4 percent in August 2020 to 5.8 percent in May 2021.

Percentage of U.S. respondents planning to delay vehicle purchase between August 2020 and May 2021

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Source

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Release date

2021

Region

United States

Survey time period

August 2020 to May 2021

Number of respondents

1,000+

Age group

18+

Special properties

6-month auto intenders.

Supplementary notes

Purchases and leases.

Includes the number of surveyed people responding "yes" to the question: "Have you done, or do you think you will [delay a vehicle purchase/lease] because of the coronavirus?" and in wave 4, the phrase “have done” was added.

The source did not specify the type of survey.

The number of respondents ranges between 1,000 and 5,000, according to 2020 Cox Automotive COVID-19 Consumer & Dealer Impact Studies.

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