March U.S. auto sales seen capping dismal quarter

Newswire

By Soyoung Kim DETROIT, March 31 (Reuters) - Major automakers are expected to report lower U.S. vehicle sales for March on Tuesday, ending the first quarter on a weak note and adding to evidence that the housing slump and tighter credit have crimped demand. A sharp decline in March sales could also heighten concerns that the world's largest market for cars and trucks is on track for its weakest year since 1994, a downtrend that increases pressure on the Detroit-based automakers to cut ...

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