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Analysis: Economy slows April car sales

Check out business writer Sarah Webster's analysis of the dip in car sales last month in the Detroit Free Press.
"U.S. consumers, whose confidence is being sapped by a sluggish housing market and rising fuel prices, purchased just 1.3 million new vehicles last month, she writes. "That's a decline of 7.6%, or 110,000, compared with sales a year ago -- the worst monthly sales drop this year....
"Automakers told the Free Press that when confidential fleet sales to rental car companies and other businesses are excluded, consumer purchases in dealer showrooms were even worse."

Posted by   at 12:24 PM to Analysis , Auto industry , Companies | Permalink

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Posted by: Dave Antonelli on May 2, 2007 1:24 PM

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