U.S. Auto Sales Fall Down As Predicted!: As it's been predicted the auto sales started to go down. Looks like for the first time in 6 years U.S. auto industry recorded such big monthly sales drop results. May volume fell 6.1% to 1.5 million vehicles.
Even the low gasoline prices failed on stopping the car sales drop. Only some domestic brands as: Fiat Chrysler, Subaru, Kia and Hyundai managed increases this May. Even with this strong drop the annual sales didn't become much worse than in 2015, 17,46 million vehicles versus 17.47 million last year.
Even the low gasoline prices failed on stopping the car sales drop. Only some domestic brands as: Fiat Chrysler, Subaru, Kia and Hyundai managed increases this May. Even with this strong drop the annual sales didn't become much worse than in 2015, 17,46 million vehicles versus 17.47 million last year.
Ford Motor Co. still has some optimistic thoughts on that even though the company's volume fell 6.1%. Ford's CEO says the things that must be low are still low: unemployment, interest rates, gas prices. While all the things that need to be high are still high: the housing market, and the average age of pickups. Genaral Motors put the blame on its 18% tumble on: tight inventories, the difference in selling days and a continued retreat from rental fleets.
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