New vehicle sales incentive program volume in the U.S. 2017-2021
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In 2021, new vehicle sales incentives in the United States had dropped by close to 15 percent year-over-year, down to under 24,700 incentive programs. This slump linked to supply issues faced by automakers during the global chip shortage that year. U.S. inventory-to-sales ratio in the country reached its lowest point since 2009 in 2021.
