The auto industry is expecting a strong sales year in 2018, but analysts warn a trade war could derail that.
Fleet sales, including sales to rental customers and commercial customers who purchase more than a single vehicle, have been growing steadily since 2014 and in the first two months accounted for more than 24% of total industry sales, according to figures compiled by J.D. Power & Associates, said Thomas King, senior vice president of data and analytics.
“Part of the reason is that more individual customers have drifted into the used-car markets, looking for deals among the growing number of lightly-used vehicles coming off lease, but it also a sign that what is traditionally cyclical industry has reached another point of the industry’s sales cycle that indicates sales are likely to slow.”
Read the article at The Detroit Bureau.
