Detroit Automakers Slip Amid a Slight January Sales Slowdown

Auto industry sales volume slipped 1.9% year over year in January, from 1.16 million light vehicles sold during January 2016 to 1.14 million last month. On the bright side, January’s seasonally adjusted annualized sales rate of 17.57 million outpaced Wall Street’s consensus forecast of 17.3 million, even if it was slightly below last year’s 17.62 million result.