August US auto sales down; carmakers say industry has peaked

September 1, 2016 5:15 PM

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August US auto sales down; carmakers say industry has peaked

U.S. auto sales fell in August, and some major automakers said on Thursday a long-expected sales decline has begun or, at best, industry sales have hit a plateau, which may spark a shift to juicer customer incentives, slowed production or more fleet sales.

The biggest U.S. automakers, General Motors and Ford Motor, reported declining sales after a surprisingly strong July.

Also read: Singapore Dec private home sales down 57.3 pct month-on-month

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