S&P Expects US Auto Sales to Recover Later This Year, But Still Fall Below 2008 Level
Posted on June 02, 2011 at 19:11 PM EDT
Standard&Poor’s thinks the May slump in US automobile sales is likely a temporary blip, but that full year 2011 sales are still likely to fall below the 2008 level. Light-vehicle sales in the US declined 3.9% from sales in May 2010, as the seasonally adjusted annualized rate (SAAR) of sales came in at 11.8 [...]