Tuesday, January 12, 2016

Auto Show: some see sales slowdown; fuel economy quandry

The AP reports:
The auto industry set a record for sales of 17.5 million in the U.S. last year, capping six straight years of growth. Now, industry insiders say the U.S. market is starting to plateau, with many forecasts calling for a similar level of sales this year.

Mike Jackson, the CEO of AutoNation, the country's biggest dealership chain, is one of those saying sales will flatten out. He looks at the high levels of inventory and the incentives being offered to car buyers and sees signs of a slowdown. Jackson is already reducing his new vehicle orders and cutting back on marketing.
Will the Obama regime's fuel standards be overturned?