People say everything beautiful comes to an end, this might sound not so optimistic, but considering the thing that the US auto sales boom is over, these words might be true.
The sales pace for May came in under 17 million for a fourth consecutive month, signaling that another record year is unlikely. The best case is that 2017 will match 2016’s 17.55 million. A pace of 18 million hasn’t looked probable for some time, and in any case after two boom years, a jump of500,000 vehicles sold by the end of 2017 would be a very hot market indeed. Specialists say that if we want to maintain a 15mm SAAR and no worse we may need to see government support for new car purchases in the form of an incentive program similar to “Cash for Clunkers.