U.S. gross sales slip in 2017, ending 7-year streak

UPDATED: 1/three/18 6:37 pm ET – provides particulars

U.S. new light-vehicle gross sales slipped 5 p.c in December and dipped 1.eight p.c to 17.25 million for all of 2017 — ending a string of seven annual features that had propelled the business to new highs following the 2008-09 market collapse.

After hitting a report 17.55 million in 2016, annual light-vehicle gross sales fell for the primary time since 2009 whereas topping 17 million models for the third straight 12 months and simply the fifth time in historical past.

Even with the dip in December quantity, the seasonally adjusted, annualized tempo gross sales got here in at 17.86 million in December, among the many 12 months’s strongest months.

Automotive gross sales slipped 17 p.c final month whereas mild truck demand edged up 1.6 p.c. For the 12 months, automotive deliveries slid 11 p.c and truck quantity rose four.four p.c.

Amongst main automakers, Normal Motors, Toyota, FCA, Nissan and Honda posted declines in U.S. deliveries in December whereas Ford superior.

Ford’s 1.three p.c enhance marked its fourth straight month-to-month acquire. GM fell three.three p.c and FCA US was off as each firms pared again shipments to each day rental firms. Quantity dipped eight.three p.c at Toyota Motor Gross sales U.S.A., 9.5 p.c at Nissan North America and seven p.c at American Honda, although Nissan and Honda each set gross sales data for the 12 months.

The outcomes come compared to a sturdy December a 12 months earlier, when the fifth-highest seasonally adjusted annual gross sales fee of all time was recorded.

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