Tag: US AUTO SALES

US auto sales slow in May; GM hit hard

NEW YORK, United States  (AFP)  6/1/2016 —US auto sales slipped into lower gear in May, with the country’s leading automaker General Motors taking a hard hit as consumers curbed spending ahead of the summer driving season. Analysts had expected softer May sales following a blockbuster April as a seven-year boom in the auto industry shows signs of moderating. Though job growth has been solid and wages are inching up, consumers have recently turned a bit less […]