U.S. auto sales slowed down this month because of U.K. leaving E.U.

U.S. auto sales slowed down this month because of U.K. leaving E.U.: U.S. auto sales this year have reached 17.5 million vehicles from 17.8 million, which means the demand is slowing down from individual buyers. The U.K.'s decision to leave Europe Union has left a big fingerprint on U.S' sales and it is already being felt because of the low demand on autos.

Considering the deliveries last month were at a seasonally adjusted annual rate of 16.6 million, the analysts consider it is an impact of Brexit's decision. The softness in used cars must be also remembered, because people started to buy more used cars than in previous years. The estimated growth this year in the U.S. economy might reach 2.3%. The growth rate of U.S. car sales will likely slow for the remainder of this years and into 2017. Just because of sad expectations doesn't mean the sales rate this year will go gown, it still will set a record of 17.5 million cars and light trucks, at least that's what all the surveys show.