Car Sales Lag in August

Sept. 2, 2016

Sept. 2, 2016—U.S. auto sales slowed down for the month of August, signaling a sign that the industry may not break last year’s all-time record despite a strong showing during the first half of 2016.

According to a report by USA Today, industry vehicle sales fell 4.2 percent in August compared to the same month in 2015. Analysts projected an overall industry sales decline of 2.5 percent (Edmunds.com) and 2.1 percent (Kelly Blue Book), according to the report.

Despite August’s numbers, analysts report that the industry remains profitable, according to USA Today.

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