Steel Markets
May 2, 2017
Auto Sales Falter in April
Written by Sandy Williams
Despite incentives, U.S. automotive sales dipped in April with almost all brands showing declines year-ove- year. Of the Big Three Detroit manufacturers, Ford had the worst results, down 7.2 percent to 214,695 for the month. FCA USA posted sales of 177,441, down 6.6 percent and GM had sales of 244,406, down 5.8 percent.
Slower sales were expected with Edmunds predicting a 1 percent decline to a seasonally adjusted annual rate of 17.1 million. Automotive analysts expect 2017 to be the first year of industry sales decline since 2009.
