« Texas start-up says it has batteries beat | Main | Thumbing Rides Online »

Economic fears to pinch auto sales

When August auto sales are reported today, they are expected to provide another sign that U.S. economic worries will challenge the auto industry for months to come, putting pressure on carmakers for further production cuts and profit-eating sales incentives, according to the Detroit Free Press.

U.S. consumers are too spooked about the housing market -- specifically, the value and marketability of their homes -- to be in the mood to buy new cars and trucks.

Posted by Peter C. T. Elsworth  at 10:19 AM to Sales | Permalink

Comments

Post a comment

Please be civil. Vicious comments, personal attacks and profanity won't be published.

Name:

Email Address:

URL:
Remember Me? YesNo

Comments: (you may use HTML tags for style)