Honda Projects Declining U.S. Auto Sales to ‘Good Industry’ Pace
- Deliveries this year may not match last year’s record
- Industry should be healthy even in contraction, executive says
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Auto sales in the U.S. may not set a record this year and will probably decline from 2015’s record in the coming years, said Honda Motor Co.’s top American sales executive.
Trends indicate that the industry will sell 17.3 million to 17.5 million light vehicles this year, compared with last year’s record of almost 17.5 million, Honda’s John Mendel told reporters Thursday on a conference call. Beyond 2017, sales should run between 16 million and 17 million, he said, barring any major shocks, such as a sharp increase in oil prices or tightening of credit.