US car sales slump continues

Sales dropped by 4.7 per cent in the United States in the month of April, as the top three automakers posted sales slumps. April was the fourth month in a row where sales decreased in the US.  This is the longest period of time that sales have stayed at a slump in eight years. Ford Motor CO and American Honda both fell by approximately seven per cent, while Fiat-Chrysler fell by 6.8 per cent and General Motors posted a decrease in sales of 5.8 per cent. Meanwhile Toyota's sales fell by 4.4 per and the company's luxury Lexus brand posted an 11.1 percent slide. Volkswagen was the only manufacturer to post an increase in profits with a 1.6 per cent profit. The overall sales figure of 27,577 units was still low in comparison to other manufacturers, however the business is still recovering from it's recent emissions cheating scandal, where the company was fined $2.8 billion.