Cars and Drivers

Car Sales Recession Gets Worse Into 2009

At the beginning of this year, a number of US car companies said they thought that domestic units sales would drop only slightly from 2007. Those numbers have been revised down ever since.

Most experts think the US market is worth about 14.5 million vehicles in 2008. That would be a collapse from the 16.1 million sold last year.

Forecasts for 2009 are even worse. According to The Wall Street Journal, Standard & Poor’s" now expects 2008 sales of 14.4 million vehicles, and a drop in 2009 to 14.1 million."

If the errors in the predictions going into this year are any guide, 2009 US vehicle sales could be well below 14 million. The numbers never get revised up.

Douglas A. McIntyre

Buffett Missed These Two…

Warren Buffett loves dividend stocks, and has stuffed Berkshire with some of his favorites.

But he overlooked two dividend legends that continue to print checks on a new level, they’re nowhere in his portfolio.

Unlock the two dividend legends Buffett missed in this new free report.

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