Auto Sales Fall for Fourth Straight Month
- The market’s six biggest carmakers trail projections for April
- ‘All eyes’ on whether production cuts are enough, analyst says
Will Consumer Taste Against Cars Continue?
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The slump in the U.S. auto industry is showing no signs of letting up.
Sales at all six of the biggest automakers in the U.S. dropped again in April, with Ford Motor Co. and Honda Motor Co. posting the steepest declines -- about 7 percent each. To make matters worse, each company’s figures fell short of what analysts had estimated, sending the industry to its fourth straight down month after a record sales year in 2016.