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Archive for Tuesday, August 30, 2005

Analysts expecting decline in auto sales

August 30, 2005

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Auto industry analysts predict a slowdown in vehicle sales in August, a trend due less to high gas prices than to a summer of heavily publicized discounts that thinned dealer lots and satiated consumers.

Analysts are predicting a seasonally adjusted sales rate of around 16.9 million vehicles in August, down from a near-record 20.8 million vehicles in July.

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