Following a strong first half of 2018, U.S. auto sales are expected to dip over the second half of the year, Reuters reports, and automakers with Missouri manufacturing operations are feeling the effects.
Ford on Tuesday reported an 11.2 percent drop in monthly sales. Sales of its best-selling F-Series pickup trucks — including the Kansas City-made F-150 — declined 9 percent.
General Motors, which has production facilities in the St. Louis and Kansas City areas, said Tuesday that its third-quarter sales were down 11.1 percent from the year before.
GM did, however, express lofty ambitions for its Chevrolet Silverado and GMC Sierra pickup trucks. The company produces its Chevrolet Colorado and GMC Canyon pickups at its Wentzville plant.
The industry’s sales downturn was driven in part by rising interest rates, which will make car payments more expensive and are expected to lead more consumers to buy used vehicles.
Ford also blamed some of its September woes on declines in sales in areas affected by hurricanes.