NEW YORK – Light-vehicle sales will continue their downward spiral through 2009, Efraim Levy, a senior industry analyst for Standard & Poor’s, tells the International Motor Press Assn. here. He forecasts 2008 sales to fall to 13.4 million units, dropping to 12.8 million in 2009, resulting in a further loss of Detroit Three market share to transplants and imports. Next year’s decline will be accompanied by a 0.5% decrease in the U.S. economy, as measured by real domestic product. ...
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