Automakers have already begun to cut production as a result of a steep drop in auto sales.
U.P. Auto Parts Inc. plans to stop producing the 2016 Acura TLX sedan in March.
Sales of the 2017 Acura RLX sedan, a midsize crossover sedan, fell nearly 30 percent in March, the company said.
Sales in February dropped nearly 50 percent from a year earlier as sales of the Nissan LEAF sedan dropped more than 20 percent.
A total of 1.7 million vehicles were sold in March and April.
The industry will need to increase its sales volume if it is to compete against automakers in the U, Canada and Europe.
“The auto industry has lost some of its momentum in the last few years,” said Steve Hahn, an analyst at Sanford C. Bernstein & Co. “This is a time of change for the industry.”
The automotive industry has grown faster than the broader economy, but that is not translating into a faster recovery in the economy.
Growth has slowed sharply as automakers have struggled to bring new cars onto the market.
Automakers in recent years have cut back on vehicle purchases as they have struggled with low sales and high repair costs.
U.P.’s Acura said in February that it would stop making cars for 2017 and 2020.
It said it planned to focus on selling the Acura brand instead.
Autobahn Group Inc. said in a filing with the Securities and Exchange Commission that it planned “to stop production and sales of vehicles at its new production facilities and will focus on providing services to other customers.”
Nissan said in March that it will discontinue its sales of cars, a move it said was to meet regulatory requirements.
Nissan said it will also focus on improving customer service.
The auto sector is expected to expand by more than 10 percent in the fourth quarter, according to the S&P 500 index, as consumers spend more on fuel-efficient vehicles.
Auto makers and investors are trying to figure out what to do about the industry’s slowing sales, which has come at a time when the U-turn in the auto industry is being blamed for falling gas prices and a slowdown in economic growth.
In March, U.N. Secretary-General Antonio Guterres called on the U