Steel Markets
October 4, 2018
September Auto Sales Fall as Expected
Written by Sandy Williams
U.S. automotive sales fell 5.5 percent year-over-year in September. Depending on one’s perspective, they were either good, at a seasonally adjusted annual rate 17.54 million, or a portent of worse times to come.
General Motors, which no longer reports monthly sales, said third-quarter sales plunged 11 percent and estimates put September sales down a dismal 15.8 percent. Ford, Toyota and Nissan plummeted 11.3 percent, 10.4 percent and 12.2 percent, respectively. FCA was the exception to the downward trend, surging 14.7 percent with sales of Jeeps and pickups.
