Thanks to worldwide jitters over U.S. trade policies, the growth of new light-vehicle sales is slowing down in global markets for the first time in almost a decade, The Wall Street Journal claimed this week. However, some sources suggest that slackening new-car sales reflect a longer-term trend that was already in play before President Donald J. Trump began threatening to increase tariffs on auto imports into the U.S.
Referencing data from research firm LMC Automotive, WSJ said on Wednesday that worldwide sales in 2018 are on track to hit 97 million vehicles, a 1.8 percent increase over 2017. Problem is, that growth rate is considerably slower than that of the last 10 years, which has averaged five percent per year.
Read the full article at Cantin Automotive Insider.