DETROIT, April 26 (Reuters) - A weak housing market will likely hurt new vehicle sales in the United States through the rest of the year, AutoNation Inc. Chief Executive Mike Jackson said on Wednesday. Jackson, who heads the largest U.S. auto dealership chain, said higher interest rates on home mortgages and a crisis in the subprime loan market have contributed to "severe economic distress." "It has put a question mark on the value of homes," Jackson said in an interview with Reuters. ...
Premium Content (PAID Subscription Required)
"AutoNation sees weak housing hurting vehicle sales" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642