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Car sales lowest in 9 years; Toyota cruises to No. 2

Despite fierce year-end marketing campaigns offering no-interest, six-year loans and thousands of dollars in rebates, sales of new cars and trucks sagged in December, leaving 2007 with the worst sales in nine years, according to USA Today.

Automakers sold 16.1 million new vehicles last year, fewest since 15.6 million in 1998, according to sales tracker Autodata.

December sales were down 2.9% from a year ago and full-year sales were off 2.5%, Autodata reported. Detroit makers were hit hard.

Posted by Peter C. T. Elsworth  at 12:29 PM to Sales | Permalink

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