U.S. Car Sales Beat All Expectations
by Dyfed Loesche
Car dealers pushed the year's total sales to a record 17.55 million cars and light trucks -- a feat considered unlikely by analysts just six months earlier.
2016 was the seventh year of growth in a row thanks to aggressive discounting and burgeoning U.S. consumer confidence, according to Bloomberg News.
Ther chart above shows U.S. light vehicle sales by manufacturer in 2016 and YoY change (analysts' expect. vs actual, in p.p.)
"U.S. Car Sales Beat All Expectations"