While U.S. auto sales are likely to set a record before 2016 draws to a close as it beats last year’s mark of 17.5 million new cars and trucks, 2017 probably won’t fare as well. In fact, it may surprise many people as Ford, Fiat Chrysler Automobiles and General Motors are already closing production plants.
Although last year’s record will be broken, there’s already a decrease in sales this December and forecasts say that the trend will continue throughout 2017. Apparently the three largest manufacturers in the country, Ford, General Motors and FCA, are already getting ready for this by closing production plants over recent months. This is also due to excessive inventory. The forecast is not as dramatic as it seems, but the stock of vehicles is starting to accumulate, which is expected to give way to succulent discounts in the market. Continue reading here
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