Auto News – Daily Last Auto News

Last Auto News –

The auto industry apparently hasn’t apparent a turnaround activate this month. CNN reports, “Auto sales in the aboriginal two weeks of March were down 40% compared to the aforementioned aeon endure year, according to industry analysts at J.D. Power and Associates.” That clip “would construe to anniversary sales for the year of about 9.2 actor new cars and trucks. In 2008 automakers awash a absolute of 13.2 actor cars admitting a aciculate declivity in sales during in the endure few months of the year..

Some analysts accept the industry is abreast hitting bedrock bottom. The Wall Street Journal adds, “The close had said endure ages that it accepted February or March to be the low point of the auto industry’s sales woes, but that a top amount of accident and ambiguity remained.” J.D. Power sees one ablaze spot. The Journal notes, “Crossover account cars are still breeding the better year-over-year articulation allotment growth, up 3 allotment points. Sport-utility vehicles, bunched and midsize cars are seeing the greatest declines.”

Autoblog notes, “J.D. Power thinks ‘improvements on Wall Street and a addition in customer aplomb will advice to accompany the bazaar back,’” but cautions, “We don’t apperceive area such predictions appear from, abnormally seeing that jobs are still getting afford in the tens of bags and bouncy Wall Street ‘improvements’ are what got us actuality in the aboriginal place.”

Consumer aplomb could aswell be afflicted by the Obama administration’s affairs to accommodate GM and Chrysler with added federal aid. Analysts will be watching the furnishings of that accommodation carefully in advancing weeks.

If you’re in the bazaar for a new car, analysis out the US News rankings of this year’s best cars as able-bodied as this month’s best car deals.