U.S. Auto Sales Put Up a Big Number, but Show Signs of Strain [The New York Times]
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Source: The New York Times
U.S. Auto Sales Put Up a Big Number, but Show Signs of Strain - The New York Times As they recorded another year of strong United States sales, automakers said Thursday that they saw little cause for concern in the months ahead. But a closer look shows signs of strain emerging on several fronts. Annual sales reached 17.3 million new cars and light trucks last year, a rise of 0.6 percent from 2017. It was the fourth year in a row that the figure exceeded 17 million, the longest such streak the industry has ever recorded. But last year’s increase was driven by higher sales to rental, government and corporate fleets. Sales to individual consumers — considered a more accurate measure of demand — were flat, according to Edmunds, an auto-retail data provider. At the same time, the enticing loan deals that many car buyers rely on have started to disappear. Interest-free loans, for example, accounted for just 5.5 percent of all finance plans offered by dealers in December. That was the lowest
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