The News Review:
- Edmunds.com Sees Aug US Auto Sales Up 18%; Wary n Sept
- Auto parts suppliers ask bama for more help
- Auto Industry Braces For Hangover After The ‘Clunker’ Party
Edmunds.com Sees Aug US Auto Sales Up 18%; Wary n Sept
CNNMoney.com
SE) sales could soar 63% from lastAugust said Edmunds. Senior analyst Michelle Krebs said Hyundai and Fordbenefited most from “Cash for Clunkers” with Hyundai likely beating its priormonthly sales record “by a mile – maybe as much as 40%. ” The three major Japanese auto makers are expected to post weaker results ledby an 18% drop at Nissan Motor Co. The month had 26 selling days one less than last year as there are fiveSundays this year in August. -By Kathy Shwiff Dow Jones Newswires; 212-416-2357;.
Related from Yydxyey: Schools open Sept. 2; Kindergarten Sept. 8
Auto parts suppliers ask bama for more help
The Associated Press
In a letter to the White House Wednesday the Motor & Equipment Manufacturers Association wrote that there was “insufficient capital” available for parts suppliers to rehire workers and acquire raw materials for a possible increase in vehicle production later this year. “This assistance is vital not only to the ability to manufacture safe more fuel-efficient vehicles but also to the long-term economic recovery of this nation” said Bob McKenna the association’s president.
Auto Industry Braces For Hangover After The ‘Clunker’ Party
Washington Post
4 percentage points and create 42000 jobs by the end of 2009. Many auto industry analysts and dealers expect sales volumes to fall now that the program is over. They worry that many people who took advantage of the program were merely accelerating purchases they would have made later in the year. If that’s true the premature sales could hurt automakers which increased production in the third quarter to replenish clunker-depleted inventories that had already grown low because of factory shutdowns over the summer. Because there’s a lag time between production and getting a vehicle to a dealership the new vehicles "will hit when there’s a lower demand" said Jeff Schuster executive director of forecasting at the auto industry research firm J.