New car sales dive
crisis will wreck what few sales prospects automakers had for the rest of this year, with J.D. Power and Associates slashing its retail car sales forecast Thursday and warning that next year will be even worse.Gregory J. Wilcox in the Daily News.
The downturn in auto sales threatens to close 700 car dealerships nationwide and 70 have already closed this year in California, auto industry officials said this week.
"This is a recovery that is going to take several years to work itself out," said Jeff Schuster, executive director of automotive forecasting at Westlake Village-based J.D. Power.
About The
Sausage Factory
The Los Angeles Daily News' City Hall reporters Rick Orlov and Kerry Cavanaugh write about politics on the local, state and national stage.
Leave a comment