The US Auto Market was down 1.9% in 2017 with full-year sales of 17.13M units sold, versus 2016’s record sales of 17.46M vehicles.
Some of the notables for 2017:
1. Light-truck sales continue to dominate the market, comprising 64.5% of vehicle sales for full-year 2017, and had another huge December (69% of total units).
2. The top four automakers (GM, Ford, FCA, Toyota) all declined in sales volume during 2017. Of the Big Six Automakers, only Honda and Nissan gained year-over-year.
3. Heading into 2018, the market is seeing tighter Inventory levels, declines in production volume, and continued profitability pressures on both new and used vehicle sales.
Read the full article on ESACompany.com:
Third Consecutive Year for 17M+ Auto Sales | ESA & Company