(S) Autos★ Featured Topics​Transportation

Autos: Slumping Sales & Growing Delinquencies Spell Trouble

The auto industry is riding what has, thus far, been a rollercoaster ride of a year. February was a weak month for vehicle sales, but March followed it up with more optimistic figures. However, newly released sales figures for April, compounding serious pressure from other market factors, may be a sign of the floor falling out from underneath the automakers.
Nissan led the downturn, experiencing a shocking 28% plunge in sales of new vehicles. Honda was whacked by a 9.2% decline. Ford and Hyundai also felt the squeeze as their sales fell 4.7% each. Inventories of...

 

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