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october auto sales may have hit two-decade low
detroit (reuters) - u.s. auto sales are expected to plunge to the lowest levels of the year in october and possibly the slowest running rate in two decades, with no certainty of when consumer confidence will return.auto sales drop to dire level as gm's fall 45 pct.
u.s. auto sales dropped to their lowest level in more than 17 years last month as consumers frightened by wall street turmoil stayed away from showrooms, prompting some auto company executives to predict dire consequences if the market doesn't improve.auto stocks: beyond the big three
by almost any measure, investors are right to beat up on detroit. car sales are at their worst since 1982, credit lines for would-be car buyers remain tight, and the big three might as well be called the little three after begging for government help. so the question is: do auto industry stocks offer investors any value?'New' auto industry seeks sales uptick
now that the u.s. car companies will be receiving those bridge loans, has this had any affect on consumer confidence with the auto industry? inside: watch anu prakash's reportMore information on ensurance.
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