U.S. Auto Sales Accelerate in Reverse, Imports Out of Favor — Panjiva


U.S. Auto Sales Accelerate in Reverse, Imports Out of Favor

Cons. Discr. - Autos 661 U.S. 3297 United Kingdom 194

U.S. sales of cars and light trucks fell 2.4% year over year in February, accelerating a decline of 1.6% seen in January. Foreign-made vehicles dropped the fastest with a 4.2% decline. Overseas automakers also appear pessimistic about the outlook with U.S. seaborne imports down 1.1% year over year in January and as much as 15.7% in February. The downturn has been fastest among Chinese and South Korean suppliers. While there is little evidence of a pre-Brexit surge in shipments from Tata Motors’ Jaguar Land Rover – whose shipments fell 16.6% year over year in the past three months &...

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