U.S. Auto Sales This Year to Fall Short of 2015 Record, LMC Says
- Research firm cuts forecast to 17.4 million from 17.7 million
- An annual drop in deliveries would be the first since 2009
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U.S. sales of cars and light trucks this year will fall short of 2015’s record in the first annual decline in seven years, LMC Automotive said in a revised estimate that cites “recent plateauing” of deliveries and “growing economic and political risk.”
The research firm cut its outlook to 17.4 million vehicles from 17.7 million in a report released Tuesday. The new estimate is about 40,000 fewer than last year’s record, LMC said. The firm also reduced its annual projections for each year through 2023.