US Auto Sales Decline, Ending Record Streak
Auto sales in the United States fell by 2 percent in 2017, the first decline in seven years. Ford Motor reported Wednesday that its new vehicle sales fell 1 percent, as did those of General Motors. Fiat Chrysler reported a decline of 8 percent compared with 2016. Volkswagen said its sales in the U.S. rose by 5 percent. But even with the decline, the industry sold 17.2 million cars, making 2017 the fourth-best sales year in U.S. history, after 2000, 2015 and 2016, according to Kelley Blue Book. For the 36th straight year, Ford's F-Series pickup truck remained the top-selling vehicle in the country. Mercedes-Benz was the top selling luxury brand, even with a sales decline of 1 percent. Analysts expect auto sales to fall in 2018 because of higher…