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 ( 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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