Poor Economy Forces Automotive Industry Forecast To Be Trimmed For 2011 and 2012

IHS Automotive reduced its estimate for U.S. auto sales in 2011 by 200,000 units to 12.5 million light vehicles, joining several analysts that have recently lowered their outlook for industry sales.

IHS analyst Rebecca Lindland said the forecasting group also cut its estimate for 2012 deliveries in the U.S. to 13.5 million vehicles, from 14.7 million.

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