We are now almost at the half way point of 2016 and it’s clear that industry sales will cross into negative territory for the year as a whole. As a matter of fact, industry sales were down more than 1.5% in the first quarter, and we view first quarter performance as history, not a forecast. But let’s try to put this in some context. Few if any industries can thrive against the tide of a slow-growing economy.
The economy has skidded along at a sub-par 2.5% rate over the past e