COSTA MESA, CA – US auto sales in July likely increased 2.4% year-over-year, but 2016 sales will not match 2015, according to JD Power and LMC Automotive.
LMC now expects 17.4 million new vehicles will be sold in 2016, down 0.1% compared to last year, a first annual decline since 2009.
Ford Motor Co. is the first major automaker to declare the long US auto market recovery is ending. The midpoint of Ford's new outlook is about 17.3 million vehicles.
On average, the forecasters said the four biggest automakers will see only slight changes in sales in 2016 compared to 2015: General Motors’ sales are expected to be down 1.3%; Ford down 1%; Toyota down 2.7%; and Fiat Chrysler Automobiles up 1%.
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