U.S. auto sales will drop next year
Dec 14, 2018
According to the National Automobile Dealers Association, U.S. auto sales will plummet under 17 million next year, 1.1 percent lower from 2014's statistics. Since 2016, auto sales have reached a peak of 17.6 million, and the numbers have been decreasing since then. According to some experts, part of the cause for such slow down on sales may be the rise of interest rates. New tax law may have been one of the reasons as well, and dwindling incentives are putting consumers on a fair share of trouble too. The rises of the SUV and pickup trucks forced car manufacturers to change their schedules for smaller vehicles, even entirely shutting down their production.