All in all, it wasn’t such a bad start to 2017 after the U.S. auto industry set yet another annual sales record last year. While sales did decline 1.9% in January, compared to the prior year, the industry’s seasonally adjusted annual rate managed to top estimates and reached 17.57 million — just barely under the prior year’s 17.62 million in January 2016.
Category: Chevrolet Equinox
GM Sees Higher Profit in ’17, Plans $5 Billion Buyback
General Motors Co. predicted profit will rise more than analysts estimate in 2017 after meeting the high end of last year’s targets, enabling the largest U.S. automaker to buy back an additional $5 billion in shares.