Decline in U.S. Auto Sales Leads Manufacturers to Collaborate

SUGAR LAND--January 22, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--The years 2015 and 2016 saw the highest sales of new autos in the U.S. since 2004, but since then, new auto sales have been on the decline, according to sales numbers compiled by Statistica. And even though auto dealers have reduced prices and have extended loans to 72 months or more, there are still more cars on the market than are being sought. New cars also are competing more these days with used cars, which were built to last longer, according to Fortune (New York City, New York).

Within this article: Details of a new Toyota-Mazda joint venture auto manufacturing plant project in Alabama.