US Auto Sales Stalling Below 1999-2000 Levels

New-vehicle deliveries in the US — fleet and retail combined — were about flat, at 4.32 million vehicles in the third quarter. For the nine months, deliveries were down 1.6%. This puts new vehicle sales on track for about 17 million deliveries in 2019, the worst level since 2014, and below 2000 (17.35 million). This is the nature of a horribly mature market, whose two-decade stagnation was interrupted by the collapse during the Great Recession and the subsequent recovery:

The a