Source: AutoBeat Daily
Car sales in the U.S. are ending the year stronger than expected. But volume will slip 2% to 17.2 million units, and it’s likely to decline to 17 million vehicles in 2018, says LMC Automotive.
Still, the industry remains both strong and “very healthy,” says Jeff Schuster, senior vice president for Automotive Forecasting. He points to well-balanced inventories and rising sales transaction prices that are offsetting record spending on incentives.