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Carmakers Trying to Avoid Incentives

Faced with talk of recession and the fallout from a meltdown in the housing market, automakers are still hoping to avoid major incentives despite some sluggish sales, according to thecarconnection.com

Mark LaNeve, General Motors' vice president in charge of vehicle sales, said last week there was no doubt sales will be slow through the first quarter of 2008. Toyota also scaled back its forecast for higher sales in 2008 in the face of the deteriorating economic conditions in the U.S. At best, Toyota now expects its sales to improve only between one and two percent, Toyota officials said.

Posted by Peter C. T. Elsworth  at 1:08 PM to Sales | Permalink

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