Business

Auto sales in the U.S. are getting lower
by Natalia Holvova

Prediction for the next year of the auto sale in the U.S. doesn't sound very positive. There are presumptions of the three top investors in the automotive industry, Jerry York, and adviser to billionaire investor Kirk Kerkorian, financier Wilbur Ross, and Thomas Stallkamp, a former Chrysler president, that the sale will fall down from this years 16 million to 14,5 to 15,5 million for the next year.  This prediction seems like one of the worst in the past 15 years and it can hit American car producers even harder than foreign. Factors causing or influencing this situation could also be related to the crisis at the housing market that is spooking costumers. American car factories are also slashing jobs and auto production instead of planning big sales on cars. Experts also think there will not be huge sales next year as usual, connecting to reduce arrangements helping to recover the situation. It is hard to say if the consequences of regular prices and lower production will make costumers to bundle their car buying during the year of 2008 and will low the sale even more just because of these disadvantages. Every reaction is invoking anti-reaction. Housing and mortgage situation appears essential to life. Is there expectation that people will concentrate on housing issue rather than buying new car? Anyhow, this situation in weak auto making industry market is not going to stay without the change according to three experts. In 2009 the situation is supposed to go back to normal. Just the hard time needs to be passed over.

related story: http://news.yahoo.com/s/nm/20071119/ts_nm/sales_top_dc;_ylt=AkXGfbEu0BXF82gKotuZseZ34T0D

by Natalia Holvova for PocketNews (http://pocketnews.tv)

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Edited by Erika Zöldová
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posted by Blog TechSource @ 5:06 AM