The U.S. automotive industry’s cyclical downturn continued in 2019. Most major manufacturers experienced strong demand for light trucks, crossovers and SUVs, while cars remained a sore spot for manufacturers across the industry. Growing disparity between new and used vehicle average transaction prices continued to drive consumers toward the used vehicle market.

The cyclical downturn of the U.S. automotive industry continued in the latter half of 2019, with most major automakers struggling with sedan sales as the growing disparity between new and used vehicle average transaction prices further drove customers to choose used rides.

Steel prices increased in recent months, but it remains to be seen whether the trend continues. Meanwhile, base metal prices remain volatile amid swiftly changing trade conditions and global economic news, despite solid metal fundamentals.