S&P Global Downgrades 2016 U.S. Auto Outlook

S&P Global Ratings cut its estimate for U.S. auto sales this year to 17.5 million vehicles from 17.8 million, citing slowing demand from individual buyers and the effect on the nation’s economy from U.K. voters’ decision to leave the European Union. Automotive News reported that the revision comes as deliveries last month were at a […]