Crowded Car Lots Spur Discounts, But Auto Sales Keep Slipping
- Analysts still see all major automakers reporting monthly drop
- Edmunds says slow-moving inventory led to ‘blockbuster’ deals
Photographer: Victor J. Blue/Bloomber
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Carmakers rolled out big discounts in May aimed at clearing inventory, but Memorial Day promotions probably still failed to stem the tide of a shrinking U.S. auto market.