Wednesday, September 01, 2010

U.S. Auto Sales May Hit 28-Year Low as Discounts Flop - Bloomberg

U.S. Auto Sales May Hit 28-Year Low as Discounts Flop - Bloomberg: "“Home sales are way down, the stock market is way down, the unemployment report is very disappointing and consumer confidence is sputtering,” Jesse Toprak, vice president of industry trends at TrueCar.com, said in an interview. “People just don’t want to make big-ticket purchases because they’re uncertain about their jobs and the value of their homes.”

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