September 2016 auto sales slid nearly 1 percent, not as rough an outcome as projected by many industry analysts but more proof that the auto industry may have peaked in calendar year 2015.
Despite bright spots from Ram, Buick, and Infiniti, most of the year-over-year improvements reported by automakers in September were modest in size. Porsche, Lincoln, Toyota, Honda, Audi, and Volvo all combined for sub-2-percent increases. Mercedes-Benz, Subaru, Cadillac, Hyundai, and Lexus couldn’t quite manage 4-percent upticks.
Yet in a market that slowed for a second consecutive month, many of the gains produced by pickup truck sales still weren’t strong enough to bring more buyers into showrooms than in September 2015. (Read More…)