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. ...
Premium Content (PAID Subscription Required)
"Printer-friendly" 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- andheavy-duty truck volumes
•Historical data and much more!
Current subscribers, please login or CLICK for support information.