Why the car sales boom won't last

Sorry, Detroit: Don't start popping the champagne just yet

Car sales may not achieve the same level of success next year.
(Image credit: Bill Pugliano/Getty Images)

U.S. automobile sales are headed for an all-time high for 2015. Automakers announced on Tuesday that December had pushed sales for 2015 to roughly 17.5 million cars and trucks, breaking past the previous record of 17.3 million set in 2000. Every auto manufacturer (other than Volkswagen) enjoyed record sales in 2015 — Chrysler's sales rose 7 percent, and Ford and GM rose 5 percent — and the whole industry has been on an almost unprecedented 6-year growth streak.

So, time to break out the champagne? (Or the petrol, or whatever?) Well, not exactly.

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Jeff Spross

Jeff Spross was the economics and business correspondent at TheWeek.com. He was previously a reporter at ThinkProgress.