(Bloomberg) -- While final figures for 2016 U.S. auto sales are still a day away, it's clear the era of rapid growth is over. The industry is entering 2017 with analysts projecting the first significant decline in eight years -- a drop of 200,000 vehicles, about the equivalent of one factory's production -- to 17.3 million cars and light trucks. While top-earning consumers will continue to snap up luxury vehicles loaded with high-tech features, analysts say higher expenses are working against less well-heeled buyers.
To contact the reporter on this story: Jamie Butters in Southfield at jbutters@bloomberg.net.
To contact the editor responsible for this story: Sophie Caronello at scaronello@bloomberg.net.
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