Low gasoline prices had an evident impact on U.S. auto sales in 2015
Low gasoline prices had an evident impact on U.S. auto sales in 2015
2015 may turn out to be the best year ever, with U.S. auto sales topping the 17.4 million vehicles that were sold in 2000, and all this is especially due to low gasoline prices.
Dealers and automakers have enjoyed a surge in sales of high-margin pickups and SUVs. Ford Motor Co., General Motors and other automakers are reporting record North American profits for 2015. But the cheap-oil dividend crimps vehicle sales in regions that are heavy in oil and gas production.
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