Weak auto sales are latest sign of sluggish U.S. economy

Posted on September 2, 2010

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The nation’s top automakers reported disappointing sales Wednesday, resulting in the worst August for industrywide auto sales in 27 years.According to sales tracker Autodata, U.S. new vehicle sales fell just short of 1 million vehicles, a drop of 21% from a year ago, which included Cash for Clunkers. That federal program created a sugar rush of sales by dangling an incentive of up to $4,500 in cash for buyers who traded in older gas guzzlers for more efficient models.

via Weak auto sales are latest sign of sluggish U.S. economy – Sep. 1, 2010.

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Posted in: Economics, Economy