TEXT-S&P releases rpt on recent rating actions on auto retailers


(The following statement was released by the rating agency) Jan 29 - Standard & Poor's Ratings Services expects 2009 to be rough for the rated U.S. auto retailers, all of which now have negative outlooks. Standard & Poor's estimates that new light-vehicle sales will drop 24%, to 10.0 million units, in 2009 from 13.2 million units in 2008, and recover only slightly to 11.7 million units in 2010. According to a credit FAQ, "Recent Negative Rating Actions On U.S. Auto Retailers ...

Premium Content (PAID Subscription Required)

"TEXT-S&P releases rpt on recent rating actions on auto retailers" 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: lwilliamson@wardsauto.com or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×