Automakers Brace for U.S. Sales Slipping Into the Red

  • A sedan slump and costlier loans may catch up with carmakers
  • Industry began October up only about 21,000 units for the year
AutoNation CEO Says Higher Rates Make Pre-Owned Vehicles More Popular
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U.S. auto sales may slip into negative territory for the year, as plunging demand for passenger cars and costlier loans wipe out a stronger-than-expected start to 2018.