Automakers are extending discounts, disappointed in June sales

Because of disappointing June sales, automakers are extending discounts while some are hiking rebates and enhancing loan terms on new cars and trucks.

Sales in June 2009 were very low but in June 2010, light vehicle sales increased by 14%. From May to June, the demand decreased, killing hopes for a rebound in the second half. Jessica Caldwell, senior analyst at Edmunds
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quizz - 7/12/2010 11:36:04 AM

+3 Boost

Rising unemployment, job cuts galore in the government sector, global slowdown, and so it should come as no surprise that people in the middle class are not buying new cars, specifically the volume models: camry, accord, taurus, focus, civic, etc.

Let's see if I was facing economic uncertainty and I needed a car that works, but don't need a new car yet, why wouldn't I get a 4 year old Accord fully financed from Carmax for less than 50% of what I would pay new?

topneuro - 7/12/2010 11:58:43 AM

+3 Boost

Up To 700,000 Census Workers About To Be Out Of Work.

bfghemicuda - 7/12/2010 12:12:51 PM

+6 Boost

Sad to see but they were never Real Jobs anyway.

bfghemicuda - 7/12/2010 12:11:57 PM

-3 Boost

Actually it's vote yes on the party of Hell No!!!!

bfghemicuda - 7/12/2010 6:22:54 PM

-2 Boost

Come-on November and kick the libs to the curb!!!

uaw_lax - 7/13/2010 9:48:15 AM

0 Boost

I don't agree on to much of what badgwhore says but today he looks like a professor when compared to bfghemicuda .

bfghemicuda - 7/13/2010 10:16:12 PM

+1 Boost

Badgewhore a professor..... Thats hilarious.