{"id":428006,"date":"2021-02-03T11:09:32","date_gmt":"2021-02-03T16:09:32","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=428006"},"modified":"2021-02-03T11:09:32","modified_gmt":"2021-02-03T16:09:32","slug":"new-vehicle-sales-up-5-percent-in-4q20-according-to-bbva-research-auto-sales-chartbook","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/new-vehicle-sales-up-5-percent-in-4q20-according-to-bbva-research-auto-sales-chartbook\/","title":{"rendered":"New vehicle sales up 5 percent in 4Q20, according to BBVA Research Auto Sales Chartbook"},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">&#8211; Retail auto sales are expected to continue recovering.<\/h2>\n<h2 class=\"xn-hedline\">&#8211; Sales declined 14.7 percent for 2020, the lowest since 2012.<\/h2>\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">HOUSTON<\/span>, <span class=\"xn-chron\">Feb. 3, 2021<\/span> \/PRNewswire\/ &#8212; BBVA Research published its January auto sales chartbook, noting vehicle sales went up 5 percent in the fourth quarter of 2020. Sales for the year declined 14.7 percent to 14.5 million units, the lowest since 2012.\u00a0 <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/876186\/New_BBVA_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/876186\/New_BBVA_Logo.jpg\" title=\"BBVA's new logo (PRNewsfoto\/BBVA)\" alt=\"BBVA's new logo (PRNewsfoto\/BBVA)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>According to the report, demand has been supported by fiscal stimulus, low interest rates, and increasing preferences for car ownership. The pandemic has disrupted new vehicle production, tightening supply and allowing manufacturers to reduce incentives and increase profits. As a result, resilient demand and tighter supply has significantly boosted prices in both the used and new-vehicle segments.<\/p>\n<p>Retail auto sales are expected to continue recovering while conversely, the commercial fleet segment will remain subdued until vaccination becomes more widespread and business and leisure travel resumes. Higher prices and weaker commercial fleet sales may prevent new auto sales from returning to the 17 million units threshold in the near term.<\/p>\n<p>The chartbook, authored by BBVA Research Principal Economist <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3057060-1&amp;h=904889619&amp;u=https%3A%2F%2Fwww.bbvaresearch.com%2Fen%2Fauthor%2Fmarcialnava%2F&amp;a=Marcial+Nava\" rel=\"nofollow noopener noreferrer\"><span class=\"xn-person\">Marcial Nava<\/span><\/a><\/u>, forecasts that, going forward, U.S. automakers are likely to release more electric and hybrid options to comply with fuel economy standards, while continuing to focus on the more profitable light truck segment. Electric vehicles increased 11 percent in 3Q20, and the outlook for EVs is positive as the Biden administration is expected to bet heavily on clean energy.<\/p>\n<p>Read the full auto sales chartbook <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3057060-1&amp;h=3233190343&amp;u=https%3A%2F%2Fwww.bbvaresearch.com%2Fen%2Fpublicaciones%2Fus-auto-sales-chartbook-january-2021%2F&amp;a=here\" rel=\"nofollow noopener noreferrer\">here<\/a><\/u>. <\/p>\n<p>See the complete library of BBVA Research publications <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3057060-1&amp;h=3775021092&amp;u=https%3A%2F%2Fwww.bbvaresearch.com%2Fen%2F&amp;a=here\" rel=\"nofollow noopener noreferrer\">here<\/a><\/u>. <\/p>\n<p>For more BBVA news visit, <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3057060-1&amp;h=3774037104&amp;u=http%3A%2F%2Fwww.bbva.com%2F&amp;a=www.bbva.com\" rel=\"nofollow noopener noreferrer\">www.bbva.com<\/a><\/u>\u00a0and the <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3057060-1&amp;h=2293176621&amp;u=http%3A%2F%2Fnewsroom.bbvausa.com%2F&amp;a=U.S.+Newsroom\" rel=\"nofollow noopener noreferrer\">U.S. Newsroom<\/a><\/u>.<\/p>\n<p>Additional news updates can be found via <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3057060-1&amp;h=1219228616&amp;u=https%3A%2F%2Ftwitter.com%2FBBVANews_USA&amp;a=Twitter\" rel=\"nofollow noopener noreferrer\">Twitter<\/a><\/u>\u00a0and <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3057060-1&amp;h=3136275935&amp;u=https%3A%2F%2Fwww.instagram.com%2Fbbvanews_usa%2F%3Fhl%3Den&amp;a=Instagram\" rel=\"nofollow noopener noreferrer\">Instagram<\/a><\/u>.<\/p>\n<p>For more financial information about BBVA in the U.S., visit <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3057060-1&amp;h=1814722541&amp;u=http%3A%2F%2Fbbvausa.investorroom.com%2F&amp;a=bbvausa.investorroom.com\" rel=\"nofollow noopener noreferrer\">bbvausa.investorroom.com<\/a><\/u>.<\/p>\n<p>\n        <b>BBVA Group<br \/><\/b>BBVA (NYSE: BBVA) is a customer-centric global financial services group founded in 1857. The Group has a strong leadership position in the Spanish market, is the largest financial institution in <span class=\"xn-location\">Mexico<\/span>, it has leading franchises in <span class=\"xn-location\">South America<\/span> and the Sunbelt Region of <span class=\"xn-location\">the United States<\/span>. It is also the leading shareholder in <span class=\"xn-location\">Turkey&#8217;s<\/span> Garanti BBVA. Its purpose is to bring the age of opportunities to everyone, based on our customers&#8217; real needs: provide the best solutions, helping them make the best financial decisions, through an easy and convenient experience. The institution rests in solid values: Customer comes first, we think big and we are one team. Its responsible banking model aspires to achieve a more inclusive and sustainable society.<\/p>\n<p>\n        <b>BBVA <span class=\"xn-location\">USA<\/span><br \/><\/b>In the U.S., BBVA is a Sunbelt-based financial institution that operates 641 branches, including 330 in <span class=\"xn-location\">Texas<\/span>, 89 in <span class=\"xn-location\">Alabama<\/span>, 63 in <span class=\"xn-location\">Arizona<\/span>, 61 in <span class=\"xn-location\">California<\/span>, 44 in <span class=\"xn-location\">Florida<\/span>, 37 in <span class=\"xn-location\">Colorado<\/span> and 17 in <span class=\"xn-location\">New Mexico<\/span>. The bank ranks among the top 25 largest U.S. commercial banks based on deposit market share and ranks among the largest banks in <span class=\"xn-location\">Alabama<\/span> (2nd), <span class=\"xn-location\">Texas<\/span> (4th) and <span class=\"xn-location\">Arizona<\/span> (6th). In the U.S., BBVA has been recognized as one of the leading small business lenders by the Small Business Administration (SBA) and ranked 8th nationally in terms of dollar volume of SBA loans originated in fiscal year 2018.<\/p>\n<p>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA68939&amp;sd=2021-02-03\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/new-vehicle-sales-up-5-percent-in-4q20-according-to-bbva-research-auto-sales-chartbook-301221455.html\">http:\/\/www.prnewswire.com\/news-releases\/new-vehicle-sales-up-5-percent-in-4q20-according-to-bbva-research-auto-sales-chartbook-301221455.html<\/a><\/p>\n<p>SOURCE  BBVA <span class=\"xn-location\">USA<\/span><\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=DA68939&amp;Transmission_Id=202102031106PR_NEWS_USPR_____DA68939&amp;DateId=20210203\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8211; Retail auto sales are expected to continue recovering. &#8211; Sales declined 14.7 percent for 2020, the lowest since 2012. PR Newswire HOUSTON, Feb. 3, 2021 \/PRNewswire\/ &#8212; BBVA Research published its January auto sales chartbook, noting vehicle sales went up 5 percent in the fourth quarter of 2020. Sales for the year declined 14.7 percent to 14.5 million units, the lowest since 2012.\u00a0 According to the report, demand has been supported by fiscal stimulus, low interest rates, and increasing preferences for car ownership. The pandemic has disrupted new vehicle production, tightening supply and allowing manufacturers to reduce incentives and increase profits. As a result, resilient demand and tighter supply has significantly boosted prices in both the used and new-vehicle &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/new-vehicle-sales-up-5-percent-in-4q20-according-to-bbva-research-auto-sales-chartbook\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;New vehicle sales up 5 percent in 4Q20, according to BBVA Research Auto Sales Chartbook&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-428006","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>New vehicle sales up 5 percent in 4Q20, according to BBVA Research Auto Sales Chartbook - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/new-vehicle-sales-up-5-percent-in-4q20-according-to-bbva-research-auto-sales-chartbook\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New vehicle sales up 5 percent in 4Q20, according to BBVA Research Auto Sales Chartbook - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"&#8211; Retail auto sales are expected to continue recovering. &#8211; Sales declined 14.7 percent for 2020, the lowest since 2012. PR Newswire HOUSTON, Feb. 3, 2021 \/PRNewswire\/ &#8212; BBVA Research published its January auto sales chartbook, noting vehicle sales went up 5 percent in the fourth quarter of 2020. Sales for the year declined 14.7 percent to 14.5 million units, the lowest since 2012.\u00a0 According to the report, demand has been supported by fiscal stimulus, low interest rates, and increasing preferences for car ownership. The pandemic has disrupted new vehicle production, tightening supply and allowing manufacturers to reduce incentives and increase profits. 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PR Newswire HOUSTON, Feb. 3, 2021 \/PRNewswire\/ &#8212; BBVA Research published its January auto sales chartbook, noting vehicle sales went up 5 percent in the fourth quarter of 2020. Sales for the year declined 14.7 percent to 14.5 million units, the lowest since 2012.\u00a0 According to the report, demand has been supported by fiscal stimulus, low interest rates, and increasing preferences for car ownership. The pandemic has disrupted new vehicle production, tightening supply and allowing manufacturers to reduce incentives and increase profits. As a result, resilient demand and tighter supply has significantly boosted prices in both the used and new-vehicle &hellip; Continue reading \"New vehicle sales up 5 percent in 4Q20, according to BBVA Research Auto Sales Chartbook\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/new-vehicle-sales-up-5-percent-in-4q20-according-to-bbva-research-auto-sales-chartbook\/","og_site_name":"Market Newsdesk","article_published_time":"2021-02-03T16:09:32+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/876186\/New_BBVA_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/new-vehicle-sales-up-5-percent-in-4q20-according-to-bbva-research-auto-sales-chartbook\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/new-vehicle-sales-up-5-percent-in-4q20-according-to-bbva-research-auto-sales-chartbook\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"New vehicle sales up 5 percent in 4Q20, according to BBVA Research Auto Sales Chartbook","datePublished":"2021-02-03T16:09:32+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/new-vehicle-sales-up-5-percent-in-4q20-according-to-bbva-research-auto-sales-chartbook\/"},"wordCount":537,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/new-vehicle-sales-up-5-percent-in-4q20-according-to-bbva-research-auto-sales-chartbook\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/876186\/New_BBVA_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/new-vehicle-sales-up-5-percent-in-4q20-according-to-bbva-research-auto-sales-chartbook\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/new-vehicle-sales-up-5-percent-in-4q20-according-to-bbva-research-auto-sales-chartbook\/","name":"New vehicle sales up 5 percent in 4Q20, according to BBVA Research Auto Sales Chartbook - 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