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Slow Housing Market Affects Auto Sales

Posted by AskPatty - Automotive Advice for Women at Dec 18th, 2007 5:11am

Light vehicle sales could drop below 16 million next year as a slow housing market continues, according to billionaire auto parts investor Wilbur Ross. It’s anticipated to be the lowest tally since 1998. Despite shrinking auto sales, Ross doesn’t see manufacturers discounting cars. Detroit automakers have reduced production in factories to decrease pressure to do discounts and to reverse compounding ...

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