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.Will the Obama regime's fuel standards be overturned?
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.
Tuesday, January 12, 2016
Auto Show: some see sales slowdown; fuel economy quandry
The AP reports: