6/16/2016
FEATURE
Fastener Margins Slim Despite Record U.S. Automotive Sales
“U.S. car sales in 2015 jumped to a record, clearing a peak last reached 15 years ago as cheap gasoline, employment gains and low interest rates spurred Americans to snap up new vehicles,” the Wall Street Journal reports.
Auto makers sold 17.5 million cars and light trucks in the U.S. last year, a 5.7% increase.
But while those sales generated more revenue for many automotive fastener businesses, profits were more elusive.
From the annual FIN Stock Review on GlobalFastenerNews.com:
via Fastener Margins Slim Despite Record U.S. Automotive Sales – Global Fastener News – USA.