Projects decline to 16.8 million vehicles next year, down from 17 million this year.
Fitch Ratings’ sector outlook for U.S. auto manufacturers and suppliers in 2018 is stable, reflecting a combination of solid credit profiles for most issuers in the industry and Fitch’s expectation for continued modest global sales and production growth.
Fitch expects lower U.S. auto sales of 16.8 million in 2018, down from an estimated 17 million in 2017. According to the company that could weigh on Ford Motor Company and General Motors Company, given the outsized importance of the North American market on both companies’ performance. However,