The United States auto sales have been falling for a long time now. Still, the situation might just get worse as the global sales are expected to drop down even furthermore, so the issues of the US auto industry might be rising as we head towards the changing year of 2020. The major impact of the sales slowdown will be in the cutdown in the operations of the carmakers, which will result in unemployment, which will be making matters worse for the already slowing economy.
The auto industry was fearing a tariff war with the president pushing for tariffs on imports to increase domestic car sales, but this would have been pretty bad, but this issue has been averted and now the fall in global sales getting worse is what has added to the issues of the nation’s auto industry. The sales decline is expected to be 2 percent in 2019 as compared to that of 2018. The United States is expected to make 16.9 million sales in the auto industry, which can further slip down if the sales drop occurs before this. So the auto industry will be seeing some major activity cutdown if the sales fall any further, and this will result in some really bad consequences that might cause the auto industry to collapse.
So we think that the nation needs some major reforms and this will be what the auto industry needs at the moment. Failing to aid the carmakers will cause them to completely cease operations and leave the industry before they incur more losses.
Tags : economy, United StatesFauto,