Fears that the US auto market has already seen peak-car sales have been a growing source of worry for the industry. New-car sales at General Motors fell for the third year in a row in 2018 — to 2.95 million vehicles, a drop of nearly 50,000 from 2017. Ford sales have also declined over the past three years, coming in at 2.48 million in 2018, down 9,000 from the previous year.
And that's not all. Sales of ultra-luxury cars have been hit particularly hard as demand for Aston Martin, Lamborghini, and Rolls-Royce vehicles has fallen sharply, according to USA Today, which cited the data-analytics firm Thinknum.
"In our view, the peak in auto sales is clear," Bank of America's Michelle Meyer and Anna Zhou said in a client meeting. Other analysts support that view.
"U.S. light vehicle sales are currently on track to come in just below 17 million units in 2019, which would mark the first time since 2014 that new vehicle sales have come in below 17 million," the MarketScope report said.
https://markets.businessinsider.com...ies-used-car-sales-red-flag-2019-6-1028270745
And that's not all. Sales of ultra-luxury cars have been hit particularly hard as demand for Aston Martin, Lamborghini, and Rolls-Royce vehicles has fallen sharply, according to USA Today, which cited the data-analytics firm Thinknum.
"In our view, the peak in auto sales is clear," Bank of America's Michelle Meyer and Anna Zhou said in a client meeting. Other analysts support that view.
"U.S. light vehicle sales are currently on track to come in just below 17 million units in 2019, which would mark the first time since 2014 that new vehicle sales have come in below 17 million," the MarketScope report said.
https://markets.businessinsider.com...ies-used-car-sales-red-flag-2019-6-1028270745