I don't know if you saw this but the American auto industry is seeing its first growth in employment in a decade:
Yes, thanks to the Gubba Mint CFC program. They had to hire to replenish. What fills the void between this and auto buyers returning to the showrooms on their own?
How does one get an auto loan without a job or a home?
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Report: China's July auto sales up 17 percent
Mon Aug 2, 6:59 am ET
BEIJING – Auto sales growth in China, the world's biggest market, weakened further in July, data showed Monday.
Sales rose 17.2 percent to 1.05 million units, the official Xinhua News Agency said, citing the Cabinet's China Automotive Technology and Research Center. That was down from the 19.4 percent growth reported in June and the report said August sales are likely to weaken further.
Automakers are looking to China to drive sales amid weak global demand. Sales this year are forecast to grow by no more than 20 percent, well off 2009's stunning 45 percent rise
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June Auto Sales Slump: More New Deals Likely
By Jerry Edgerton | Jul 6, 2010 | 0 Comments
Falling consumer confidence that’s been battering the stock market has now stalled auto sales, too. After a spring surge, U.S. auto sales in June dropped about 11% below the May level-although still 14% above June 2009. So if you are among the lucky shoppers not worried about your job, some enticing new-car deals may lie ahead.
Strong spring sales reduced dealers’ inventory and caused some auto makers to pull back on their rebates and financing deals, contributing to the downturn in June. (See Grab These Car Deals While You Can.) But sputtering sales could reverse that trend. “If slow sales continue in July and beyond, you could see expanded incentives on 2010 and 2011 model years, ” says Jeff Schuster, executive director of forecasting for J.D. Power and Associates. (The 2011 model year officially begins Oct. 1, but some 2011s-such as the Toyota Sienna and the redesigned Ford Mustang-already are on sale.)
There are still some good deals on 2010s, though. General Motors, Ford, and Chrysler have kept up rebates on selected models. (See them in Great Cars Made in America: U.S. Companies.) And Honda is continuing several of its attractive lease deals. Here is a look at three 2010 models–a Chevy, a Ford and a Hyundai–currently offering deals worth considering because redesigned 2011 versions are on sale or soon will be: |
