As they recorded another year of strong United States sales, automakers said Thursday that they saw little cause for concern in the months ahead. But a closer look shows signs of strain emerging on several fronts.
Annual sales reached 17.3 million new cars and light trucks last year, a rise of 0.6 percent from 2017. It was the fourth year in a row that the figure exceeded 17 million, the longest such streak the industry has ever recorded.
But last year’s increase was driven by higher sales to rental, government and corporate fleets. Sales to individual consumers — considered a more accurate measure of demand — were flat, according to Edmunds, an auto-retail data provider.
At the same time, the enticing loan deals that many car buyers rely on have started to disappear. Interest-free loans, for example, accounted for just 5.5 percent of all finance plans offered by dealers in December. That was the lowest level for December since 2005, according to Edmunds.
Furthermore, sales in 2018 got a one-time lift from the Trump administration’s tax overhaul, which gave some consumers extra income to spend on new cars. Automakers won’t have that tailwind again.
“This year is going to be tougher than last year,” said Mark Wakefield, a managing director at Alix Partners, a consulting firm, “and the next year will even tougher than 2019.”
Even though total sales rose in 2018, signs of halting demand were clear, Mr. Wakefield said. While sales of small sport utility vehicles rose strongly last year, sales of most other types of vehicles were either down or up only slightly.
“Other than that one segment, there isn’t a lot of growth,” he said.
In addition, Tesla’s sales more than tripled in 2018, and without that increase, the industry would have reported a decline in sales. G.M., Ford and Toyota reported lower sales for a third year in a row. G.M.’s domestic market share fell to 17 percent — its lowest level since the company’s infancy a century ago.
Most automakers posted gains early in 2018, with sales markedly weakening late in the year. G.M. reported a decline of 1.6 percent for the full year, but its estimated year-over-year decline for December was 3.7 percent. (The company no longer reports monthly sales.) Ford’s sales fell 9 percent in December.
Beyond the domestic market, automakers face other potential challenges. The potential tremors from an economic slowdown in China became more palpable this week as Apple slashed its financial forecast, citing disappointing iPhone sales there.
Lower consumer spending in China could hurt G.M., Ford, Toyota and other automakers because they now depend on that country to drive global growth, and some reap considerable profits there. Ford is especially vulnerable because it has been losing money in China and is trying reorganize its operations there.
Those concerns seemed distant in the upbeat remarks of officials on Thursday.
Ford said any worries about a slowdown in China were not likely to be a factor in domestic demand. “It’s certainly something we look at, as a global company,” Emily Kolinski Morris, Ford’s chief economist, said of the China outlook. But as far as the United States market, she said, “I think consumers are looking at their personal financial situations.”
She added that unemployment remained low and that surveys showed strong consumer confidence.
Likewise, a Toyota executive played down the prospect of continued rate increases by the Federal Reserve — and tougher borrowing terms for car buyers.
“Interest rates are always going to be a concern at some level,” Jack Hollis, a group vice president at Toyota’s North American manufacturing arm, said in a conference call. “But it hasn’t slowed the industry to a point of concern.”
Still, Ford and G.M. are preparing for more difficult times. Both companies are cutting jobs and costs in North America. G.M. said in November that it was idling five North American plants and aiming to eliminate more than 14,000 blue- and white-collar jobs.
Earlier in 2018, Ford announced a plan to reorganize its worldwide salaried work force of 70,000 with the goal of having a leaner staff by the second quarter of 2019. The move is expected to eliminate several thousand jobs.
General Motors began the year with an executive appointment, naming Mark Reuss on Thursday as its resident. Mr. Reuss, the son of a former G.M. president, Lloyd Reuss, has been serving as the company’s product development chief. He succeeds Dan Ammann, who was named chief executive of G.M. Cruise, a division developing self-driving cars.
One thing that the economic outlook may not change is the continued American preference for larger vehicles. Slumping oil prices — at about half their level five years ago — have offered little motivation for buyers to make fuel economy a priority. And unless supplies are constrained, an economic slowdown should keep prices low.B:
买马免费资料2017彩图【叶】【添】【添】【回】【来】【之】【后】【第】【一】【件】【事】，【就】【是】【被】【江】【小】【白】【送】【给】【一】【群】【医】【生】【做】【了】【一】【遍】【全】【身】【检】【查】，【最】【后】【报】【告】【说】【他】【非】【常】【健】【康】，【没】【有】【任】【何】【受】【伤】【损】【坏】【的】【地】【方】，【但】【是】【眼】【睛】【有】【点】【假】【性】【近】【视】【的】【趋】【向】，【以】【后】【看】【书】【看】【电】【视】【玩】【手】【机】【都】【要】【适】【度】【以】【及】【注】【意】【姿】【势】。 【叶】【添】【添】：“……” 【江】【小】【白】【托】【着】【下】【巴】，【对】【这】【个】【结】【果】【表】【示】【很】【满】【意】：“【何】【生】【陪】【你】【去】【的】？” 【提】【起】【她】，
【两】【天】【的】【时】【间】【很】【快】【过】【去】。 【吃】【过】【早】【饭】，【冀】【州】【大】【军】【开】【出】【城】【外】，【许】【定】【部】【也】【从】【各】【个】【军】【营】**【来】，【两】【军】【于】【城】【东】【开】【阔】【的】【平】【地】【上】【摆】【开】【了】【阵】【势】。 【袁】【绍】【是】【倾】【巢】【全】【动】，【包】【括】【世】【家】【的】【一】【部】【分】【私】【兵】【也】【送】【让】【袁】【绍】【带】【了】【出】【来】。 【不】【过】【这】【些】【幽】【州】【世】【家】【们】【却】【没】【有】【派】【一】【个】【家】【族】【子】【弟】【出】【战】，【彻】【彻】【底】【底】【的】【将】【这】【些】【私】【兵】【送】【给】【了】【袁】【绍】。 【不】【管】【他】【们】【是】【死】，【还】【是】
【周】【沅】【芷】【眼】【睛】【张】【大】，【微】【微】【茫】【然】。 【林】【飞】【白】【眼】【睛】【上】【翻】，【接】【受】【不】【能】。 【额】【头】【上】【微】【软】【的】【触】【感】【鲜】【明】，【他】【觉】【得】【自】【己】【的】【汗】【唰】【一】【下】【都】【缩】【回】【体】【内】【了】。 【那】【一】【处】【竟】【然】【开】【始】【灼】【热】，【他】【像】【被】【扎】【了】【一】【下】【猛】【地】【向】【后】【一】【退】，【他】【还】【是】【趴】【着】，【猛】【仰】【之】【下】，【腰】【骨】【都】【因】【这】【大】【力】【发】【出】【嘎】【吱】【之】【声】。 【然】【后】【他】【看】【见】【周】【沅】【芷】【的】【脸】，【慢】【慢】【红】【了】。 【这】【大】【家】【闺】【秀】，【脸】【红】
【到】114【章】《【许】【你】【万】【丈】【柔】【光】》【的】【第】【一】【部】【已】【经】【完】【工】【了】，【许】【竟】【时】【和】【徐】【柔】【嘉】【终】【于】【结】【婚】【并】【且】【爱】【情】、【事】【业】、【家】【庭】【都】【有】【了】【一】【个】【好】【的】【结】【果】。【只】【是】【我】【在】【写】【的】【过】【程】【中】，【他】【和】【她】【的】【生】【活】【细】【节】【描】【写】【的】【太】【少】，【一】【直】【在】【努】【力】【的】【推】【进】【情】【节】。【这】【是】【我】【所】【遗】【憾】【的】，【所】【以】【想】【着】【第】【二】【部】【弥】【补】【这】【个】【遗】【憾】。 【到】【这】【里】【其】【实】【就】【已】【经】【可】【以】【了】，【我】【有】【在】【构】【思】【第】【二】【部】【写】【些】【什】【么】买马免费资料2017彩图【高】【飞】【带】【着】【县】【疾】【控】【的】【两】【个】【人】，【重】【新】【对】【夏】【有】【发】【家】【里】【进】【行】【二】【次】【采】【样】，【食】【物】、【水】、【土】【壤】、【家】【猪】、【家】【犬】，【以】【及】【家】【里】【的】【老】【鼠】【也】【都】【尽】【量】【多】【抓】【了】【两】【只】。 【陆】【离】【和】【王】【笑】【笑】【带】【着】【县】【疾】【控】【另】【外】【三】【个】【人】【在】【夏】【家】【村】【村】【口】【搭】【起】【了】【临】【时】【医】【疗】【帐】【篷】，【联】【系】【夏】【家】【村】【村】【长】，【召】【集】【所】【有】【村】【民】【来】【医】【疗】【帐】【篷】【进】【行】【体】【检】【采】【血】，【检】【查】【是】【否】【有】【钩】【端】【螺】【旋】【体】【病】【的】【症】【状】，【并】【宣】【传】【钩】
【最】【后】【只】【得】【无】【奈】【的】【叹】【了】【口】【气】，【站】【起】【身】【出】【了】【房】【间】。 【身】【后】【还】【时】【不】【时】【的】【传】【来】【老】【太】【太】【挖】【苦】【的】【声】【音】，【但】【是】【周】【孙】【氏】【这】【时】【候】【哪】【里】【还】【有】【时】【间】【管】【这】【么】【多】【啊】！ 【这】【眼】【看】【就】【要】【过】【中】【秋】【了】，【哪】【里】【能】【让】【自】【家】【闺】【女】【一】【个】【人】【回】【去】【啊】！ 【想】【到】【这】【里】【眼】【眶】【不】【自】【觉】【的】【红】【了】，【看】【着】【老】【太】【太】【刚】【才】【那】【态】【度】【又】【想】【起】【了】【几】【年】【前】【没】【分】【家】【时】【候】【的】【艰】【苦】【和】【委】【屈】，【心】【里】【更】【是】【气】【愤】
【车】【厢】【内】，【姜】【霁】【看】【到】【她】，【微】【微】【抿】【了】【个】【笑】。 【姜】【零】【染】【看】【着】【他】【的】【笑】，【鼻】【子】【发】【酸】，【低】【唤】【一】【声】“【哥】【哥】”【过】【去】【抱】【住】【了】【姜】【霁】，【脸】【埋】【在】【他】【的】【怀】【里】，【低】【低】【抽】【噎】。 【姜】【霁】【陪】【着】【她】【哭】，【安】【抚】【的】【轻】【拍】【着】【她】【的】【背】：“【都】【会】【好】【的】。” 【回】【到】【府】【里】，【姜】【零】【染】【看】【着】【庭】【院】【里】【的】【箱】【笼】，【若】【按】【照】【计】【划】，【此】【时】【她】【应】【该】【往】【城】【外】【走】。 【他】【这】【一】【回】【来】，【所】【有】【的】【计】【划】【都】
“【亦】【儒】！”【诗】【嫣】【下】【了】【床】，【走】【到】【柳】【亦】【儒】【的】【身】【边】，【递】【上】【了】【一】【杯】【清】【茶】。 “【无】【妨】，【都】【过】【去】【了】。【我】【告】【诉】【你】，【只】【是】【不】【想】【这】【个】【秘】【密】【随】【着】【我】……”【柳】【亦】【儒】【话】【到】【嘴】【边】【就】【看】【到】【了】【诗】【嫣】【沉】【下】【来】【的】【脸】【色】，【立】【刻】【咧】【开】【一】【个】【笑】【脸】“【放】【心】，【江】【南】【的】【美】【景】【不】【会】【让】【你】【一】【个】【人】【独】【享】【了】【去】！” 【诗】【嫣】【点】【头】【笑】【了】。 “【吃】【饭】【了】！”【门】【口】【外】【的】【大】【汉】【粗】【鲁】【的】【推】【开】【了】