Cars and Drivers
JD Power: 2009 Car Market Could Be "An Outright Collapse"
Published:
Last Updated:
The news from the automobile industry did not improve today. Research firm JD Power warned that 2009 could be a more troubled year for sales that 2009 was.
“While the global automotive industry is clearly experiencing a slowdown in 2008, the global market in 2009 may experience an outright collapse. While mature markets are being impacted more severely than emerging markets, no country or region is completely immune to the turmoil," said Jeff Schuster, executive director of automotive forecasting at Power.
JD Power expects US vehicles sales to drop to 13.2 million in 2009 from 13.6 million this year.
The firms revised it 2008 estimates for China and India down and said China numbers for 2009 may be revised lower as well.
Douglas A. McIntyre
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
