2017 car sales beat expectations, but 2018 looks grim

AUTOBLOG | on Wed, Jan 3, 5:20 PM

DETROIT - Most major automakers on Wednesday reported lower December U.S. sales and were forecasting weaker overall sales in 2018. But investors bid up shares in the sector on a bet that high-margin pickup trucks and SUVs will pull Detroit's automakers through any downturn. The December numbers were above analyst expectations, lifting the shares of General Motors, Ford and Fiat Chrysler Automobiles. According to Autodata Corp, which tracks industry sales, the seasonally adjusted annualized ra...

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