Auto market tanking with no relief in sight
October 10, 2008
With the ever-deepening global financial crisis, October auto sales continue to plummet.
Full story here and here.
“The automotive market slowdown has entered a new phase,” said Edmunds.com Chief Executive Officer Jeremy Anwyl. “Instead of looking for reasons to buy, consumers have completely abandoned the new car market as a result of poor economic conditions.”
Here’s AutoObserver’s take: October Sales Remain in Freefall; Zero-Interest Financing Provides Little Lift
Image: Richard Drew Associated Press
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