After Cash for Clunkers, the bad news Begins

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By
Muhammed El-Hasan
on August 26, 2009 10:10 AM | | Comments (0) |

Auto website Edmunds.com says: Cash for Clunkers party is over, and now the auto industry is likely to experience a painful hangover."

Edmunds expects a "steep decline in sales in the coming weeks based upon a significant drop in 'purchase intent' behavior of its Web site visitors."

"Current purchase intent is down 50 percent from the Cash for Clunkers peak, and down 11 percent from the June average," Edmunds.com Senior Analyst David Tompkins said in a release Wednesday.

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This page contains a single entry by Muhammed El-Hasan published on August 26, 2009 10:10 AM.

South Bay Home Prices/Sales Increasing was the previous entry in this blog.

Toyota to Cut Production is the next entry in this blog.

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About Biz Waves

Biz Waves is a one-stop Web hub for business news and content from the South Bay region of Los Angeles County and beyond.

The primary contributor is:

Muhammed El-Hasan, a business reporter at the Daily Breeze since 2000, covers aerospace and everything else about business in the South Bay. Muhammed previously reported at the San Bernardino Sun and the community news division of The Orange County Register. He also worked as a researcher in the Jerusalem bureau of the Los Angeles Times in 1996-97. But his career highlight as a young man was driving a forklift at a Gardena company near Hawthorne, where he grew up.

You can email Muhammed at muhammad.el-hasan@dailybreeze.com

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