Ford, Chrysler Post Weaker U.S. Sales Than Expected

The US auto industry is facing challenges with declining car sales and insufficient SUV growth to offset the losses. While GM's retail sales show slight improvement, the overall market is experiencing a downturn. Consumer preferences are shifting away from cars, leading to a sustained decline in sales. The industry is likely past its peak and may be entering a contraction phase. Rising prices are pushing out marginal buyers, increasing competition from the used car market, and creating headwinds for new car sales.

What are the current trends in car and SUV sales according to the text?

How have consumer tastes shifted regarding car purchases?

What factors contributed to the decline in auto sales mentioned in the text?

What does the text suggest about the future of the automotive industry?

What impact does the used car market have on new car sales?