U.S. Light-Vehicle Sales Exceed 17 Million Units
By Keith Spacapan
This time last year, most industry experts were not optimistic that vehicle sales would again exceed 17 million units. However, additional used vehicles coming off lease and four interest rate hikes by the Federal Reserve were not enough to quell consumer demand buoyed by tax reforms and low unemployment. U.S. light vehicle sales totaled 17.33 million units in 2018, an increase of 0.6% over the prior year and only 1.3% below the all-time high set in 2016.
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