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Motor vehicle and parts dealers in the United States had just above * employees on their payrolls in June 2024. The number of motor vehicle and parts manufacturing employees amounted to almost ****million people in June 2024, a slight decrease from the same month a year earlier.

The Chip Shortage Impacts The Industry

Though sharply affected by the coronavirus pandemic, car sales already improved later in 2020. December 2020 showed a higher motor vehicle sales volume than any other month that year. Despite this encouraging rebound, sales dropped amid the automotive semiconductor chip shortage, which led to production cuts and a dwindling vehicle inventory in the U.S.

Effects of prolonged work stoppages and waning demand in 2020

Employees felt the effects of the coronavirus outbreak in the United States in 2020. Factories were closed for a period of time, and J.D. Powers estimated that the industry would produce between *** and * fewer vehicles, resulting in lost vehicle sales of up to about *** units.