Expectations from analysts suggested U.S. auto sales would decline by as much as 5 percent in August 2016, a year-over-year drop of more than 70,000 units.
In the end, it wasn’t quite that bad. But August 2016’s 4-percent drop translated to a decline of 55,000 sales for an industry that grew by more than 116,000 sales in the first-half of 2016, a decent rate of expansion given the record-setting pace from one year ago.
There were industry bright spots in August 2016. Subaru reported an all-time monthly record of more than 60,000 sales. This was the best August ever for the Jeep brand. American luxury — Cadillac and Lincoln — was on the rise. Volvo’s resurgence continues apace. (Read More…)