Auto Sales Decline 4.4% in October

Earlier this month Ford temporarily shut down multiple manufacturing facilities, temporarily laying off thousands of workers. Most notably the stopped production of America’s best-selling pickup truck, the F-150. Well, the numbers are now in, and Ford wasn’t the only one who got hit with a decline in sales.

Despite the dip in auto sales, no alarms have been raised. Many companies  had already expected a dip in sales and planned accordingly. But, this may be the beginning of a slow decline going into 2017. This is because 2015 was a record year for auto sales, and the demand has become exhausted, resulting in a slow decline.

Ford felt a 12% dip in US auto sales in October. Meanwhile, Honda experienced declines as large as 23% in New Delhi. Nobody is really talking about it, but I think this may be the start of a major decline in auto sales. With companies like Uber and Lyft pushing their self-driving programs harder than ever before, the need for a personal vehicle is declining. Plus more EV startups, and Tesla’s rideshare program, I think we will see a continuing slow decline is auto sales over the next few years.

Source: The Detroit News

Bryce Cleveland

Bryce is a die hard car fanatic. When he's not working on his Jeep Cherokee, he's beating it up in the desert. He started Dust Runners Automotive Journal in 2014 and continues to write content for it as much as possible.

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