J.D. Power and Associates cut its forecast for light-vehicle sales in the U.S. on Wednesday, citing the weak economy.
J.D. Power, a consulting and marketing firm, said it now expects new light-vehicle sales in 2008 to fall 12 percent to 14.2 million units from 16.1 million units the previous year.
Earlier in the year, the company said it expected new light-vehicle sales to fall to 14.95 million units for the year. Light vehicles include passenger cars, SUVs and pickup trucks, as opposed to larger, commercial vehicles.
The company said it expects sales to improve to 14.3 million units in 2009.
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