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Why No One Will Buy A New Car This Year

Posted on February 09, 2010

US new vehicles sales reached almost 17 million in 2005. The number dropped to 10.4 million units in 2009, the lowest level in 27 years.Most industry analysts expect the American car market to rebound to 12 million total sales in 2010. JD Power presents a more conservative forecast of 11.5 million.The Toyota (TM) recall of cars for faulty accelerators and a new recall of Prius hybrids for brake problems have threatened the sales prospects for companies well beyond the No.1 vehicle manufacturer in the world. The CFO of Honda told The Wall Street Journal that I think we should see this Toyot...

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