Honda projects that the market as a whole will close 2023 at 15.7 million vehicles. It’s unknown, Woelfer said, when the industry will be able to return to annual sales of 17 million vehicles.
“There was so much we had to do to get there; it was a different market,” he said, reflecting on pre-pandemic sales levels. The auto industry closed 2019 with sales of 17.1 million vehicles, down just 1.8 percent from17.3 million the previous year.
But some analysts have concluded that the…
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