Steel Markets
October 2, 2019
Auto Sales See Slippery September
Written by Sandy Williams
U.S. auto sales slipped in September as leading Asian automakers Toyota and Honda reported double-digit declines. Toyota sales fell 16.5 percent and Honda, after a record August, saw sales drop 14.1 percent. Nissan reported a 17.6 percent plunge in sales.
Subaru ended an amazing 93-month run of sales increases with a 9.4 percent drop in September. Subaru blamed lower volumes on “low days’ supply and three fewer selling days compared to September 2018.” The timing of Labor Day on Sept. 2 put part of the Labor Day weekend sales into August.
