US auto sales drop in 2008, recovery unclear
9:57 AM Tue, Jan 06, 2009 | Permalink
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DETROIT -- After a year in which U.S. auto sales tumbled 18 percent and GM had its worst year in nearly a half-century amid slack demand fueled by a terrible economic outlook and growing job worries, automakers are reluctant to predict when a recovery might occur, according to The Associated Press. An even sharper sales decline in December alone means that record high rebates and low-interest financing deals will stick around until at least February. But those deals will likely disappear as the remaining 2008 models are sold and inventories are lowered to match demand. 
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