Economics
U.S. Auto Market Slump Persists
- Deliveries sink as consumers, rental-car companies sit out
- ‘Sales crested sooner and now they are paying the price’
What GM's Sales Plunge Signals About Auto Sales
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Here’s a bad sign for the U.S. economy: Auto sales just fell the most since August 2010, a year after the federal government’s “Cash for Clunkers” program to stimulate demand came to an end.
Sales at General Motors Co. plunged 15 percent in its home market in July, the biggest drop in more than a year. Its Detroit rivals didn’t fare much better: Ford Motor Co. reported its biggest sales decline since October and Fiat Chrysler Automobiles NV had its second worst tumble this year.