April car sales plummet. Does that signal a longer-term decline? – Los Angeles Times

Posted: Wednesday, May 03, 2017

Wages are growing and surveys show consumer confidence is high.

So why are motor vehicle sales taking a hit?

U.S. sales were down in April for the big automakers: Ford fell 7% from April a year ago; General Motors, 5.8%; Fiat-Chrysler, 6.8%; and Toyota, 4.4%.

Volkswagen was the exception, rising 3.1% as the company paid off diesel owners in the emissions-cheating scandal and persuaded large numbers to stick with the brand.

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