American Auto Sales May Be Sliding

According to knowledgeable national auto industry analysts, 2017 will mark the first year of an industry-wide sales decline since the Great Depression and the decline may continue into following years. Yes, Ford, General Motors, Fiat Chrysler, Hyundai-Kia, Subaru, Honda, Toyota, Nissan and all the rest are still selling millions of vehicles. However, for the first time in recent memory, buyers are looking more to stocks of former lease vehicles and late-model used vehicles when purchasing family transportation and as new-vehicle sales dwindle, inevitably to follow will be contractions in manufacturing, sales and administrative personnel, which of course can have a rapid ripple-effect across other segments of the economy, such as housing, vacation travel, restaurants, and on and on. Dealers are amping up sales incentives and manufactures are increasing advertising and other sales-motivating efforts. But, clearly this is a situation worth monitoring.