New York (CNN Business) Auto sales are close to a record high in the United States, yet the American auto industry is in the midst of a massive upheaval. American auto plants have a capacity to make 3 million more cars, SUVs and trucks than they can sell. Auto plant building spreeOne major reason for the excess capacity is foreign automakers' three-decades-long building spree of new auto plants. Auto sales are slippingAuto sales had been rising in essentially a straight line from 2010 through 2016 , lifting sales by more than two-thirds. US auto sales fell 5% last year.

Source: CNN December 17, 2018 16:52 UTC