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Automobile sales drop for month to 28-year low predicted

Toledo Blade --
SOUTHFIELD, Mich. - Auto sales in August probably were the slowest for the month in 28 years as model-year closeout deals failed to entice buyers.

Industrywide deliveries, to be released Wednesday, may have reached an annualized rate of 11.6 million vehicles last month, the average of eight analysts' estimates compiled by Bloomberg. That would be the slowest since 1982, according to researcher Ward's AutoInfoBank.

The rate would be 18 percent below last year's annual rate of 14.2 million, when the government was offering "Cash for Clunkers."

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Submitted Sep 01, 2010 By: ajrn

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runout9 Champion Author New Jersey Posts:3,144 Points:958,700 Joined:Dec 2008	Message Posted: Sep 3, 2010 1:32:19 AM Ignore runout9 Report Abuse Hey, Obummer, can you spare a dime?
ENORMS Champion Author Colorado Posts:3,014 Points:1,171,335 Joined:Sep 2006	Message Posted: Sep 2, 2010 6:17:59 AM Ignore ENORMS Report Abuse Thanks NOBAMA!
Amplion Champion Author Oregon Posts:4,237 Points:1,398,310 Joined:Sep 2005	Message Posted: Sep 2, 2010 2:36:38 AM Ignore Amplion Report Abuse WE ARE IN A DEPRESSION TIME TO VOTE OUT THOSE WHO LET IT HAPPEN: RON WYDEN, PETER DeFAZIO & THEIR DEMONCAT CRONIES. TEA PARTY TIME !!!!!!!!
Bussman Champion Author Dallas Posts:3,862 Points:991,680 Joined:Nov 2008	Message Posted: Sep 1, 2010 11:54:06 PM Ignore Bussman Report Abuse Maybe it's time for "Cash for Clunkers II".
VanIsleRover All-Star Author British Columbia Posts:930 Points:324,670 Joined:Apr 2010	Message Posted: Sep 1, 2010 11:17:13 PM Ignore VanIsleRover Report Abuse Can't afford to buy new!
graceman Champion Author Baltimore Posts:3,230 Points:819,140 Joined:Jun 2008	Message Posted: Sep 1, 2010 10:30:53 PM Ignore graceman Report Abuse If they don't cut prices it will get worse.
ENORMS Champion Author Colorado Posts:3,014 Points:1,171,335 Joined:Sep 2006	Message Posted: Sep 1, 2010 9:23:36 PM Ignore ENORMS Report Abuse Maybe that was the bottom!
coughlin Champion Author San Jose Posts:3,336 Points:755,050 Joined:Sep 2009	Message Posted: Sep 1, 2010 7:42:08 PM Ignore coughlin Report Abuse It's not just the unemployment but rather the fear that is gripping people.
playtimeCLE Champion Author Cleveland Posts:5,900 Points:1,091,400 Joined:Nov 2008	Message Posted: Sep 1, 2010 5:28:39 PM Ignore playtimeCLE Report Abuse Two years & 4 months until I can buy a new car again.
Sneakers55 Champion Author Houston Posts:43,327 Points:1,711,955 Joined:Nov 2005	Message Posted: Sep 1, 2010 4:40:29 PM Ignore Sneakers55 Report Abuse Unless something causes my car to be totaled, I'm planning to drive what I've got until 2015 at the earliest. That may change if I decide I need a SUV to negotiate Missouri weather. So tell the auto industry to be very patient...
Lugi1967 Champion Author Ohio Posts:2,585 Points:543,445 Joined:Jun 2010	Message Posted: Sep 1, 2010 4:28:19 PM Ignore Lugi1967 Report Abuse Its the economy Some day people will begin to buy again and the economy will rise with it 1 in 6 jobs are tied to car manufacturing