LIVE: US auto sales
Shannon Stapleton/Reuters
Analysts estimate that total vehicle sales rose at a seasonally adjusted annual rate of 17.6 million, according to Bloomberg, little changed from last month.
They forecast that the so-called big three carmakers - Fiat Chrysler, Ford, and GM - had year-on-year sales declines last month.
After a record sales year for the auto industry in 2015, analysts and automakers came into this year concerned that the market had peaked.
In response to that fear, carmakers offered potential buyers huge incentives like cash rebates to entice them. According to Barclays analyst Brian Johnson, the incentives offered in the past four months are near the highest level seen since the Great Recession.
This post will be updated as the latest numbers cross. Refresh for updates.
- 2 states where home prices are falling because there are too many houses and not enough buyers
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- BenQ Zowie XL2546X review – Monitor for the serious gamers
- 9 health benefits of drinking sugarcane juice in summer
- 10 benefits of incorporating almond oil into your daily diet
- From heart health to detoxification: 10 reasons to eat beetroot
- Why did a NASA spacecraft suddenly start talking gibberish after more than 45 years of operation? What fixed it?