The auto industry can pray that household income miraculously starts growing much faster, or that it can figure out how to slash costs to make cars more affordable while trying to find new sources of revenue.
Manufacturer exec tells dealers the drop will be about one-third.
Conventional understanding and thinking around repairs, service and upgrades is changing for millions of consumers and the OEMs that sell to them.
Leasing offers lower monthly payments needed by some new-car shoppers, TransUnion reports.
General Motors auto retailers express confidence in automaker after a closed-door meeting.
