US auto sales seen down in December, outlook weak
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Housing woes and high gas prices likely combined to send U.S. auto sales to a weak finish in December, capping the industry's worst sales year in a decade and increasing pressure on U.S. automakers to cut production further, analysts said on Wednesday.
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U.S. factory production shrank in December for the first time in nearly a year, sparking fears the economy may be headed for recession and sending stocks sharply lower.
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Retail sales in Britain dipped in December from the previous month, falling in the crucial run-up to Christmas, according to official data published Friday.
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General Motors Corp.  on Tuesday  said that overall 2006 U.S. auto sales were likely to come in  below the 2005 total because of higher interest rates and  gasoline prices.
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U.S. retailers posted weak sales growth in December, as snow storms, discounts and economic uncertainty conspired to make the 2007 holiday shopping season the worst in 5 years.
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Toyota Motor Corp  said on Thursday its U.S. sales fell 1.7 percent in December.
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Sales at U.S. retailers fell 0.4 percent in December and were less vigorous in November than previously thought, according to a government report on Tuesday that implied costlier energy and slumping housing prices were taking a toll on consumers.
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U.S. home sales will be a good deal   weaker this year than earlier thought as potential buyers   remain on the sidelines waiting for better deals, a national   real estate group said on Thursday.
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Ford Motor Co.  on Tuesday posted a 5.4 percent fall in U.S. vehicle sales for January, its eighth straight month of weaker results, as stronger sales of its new cars failed to offset falling SUV and minivan sales.
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General Motors Corp. and Ford Motor Co. have reported disappointing US sales, prompting the two largest US automakers to cut planned vehicle production in the fourth quarter, which could hurt profits.
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General Motors Corp. GM.N on Tuesday  posted a 6 percent drop in U.S. vehicle sales for December,  ending a year when it lost more than 1 percentage point of U.S.  market share.
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General Motors Corp.  Chief Executive Rick Wagoner said on Friday the automaker's U.S. sales would fail to match last December's strong levels.
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Retailers reported mostly gloomy December sales results, hurt by snowstorms as well as deep discounting aimed at getting cash-strapped consumers to open their wallets during retail's most important month.
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New single-family U.S. home sales fell 4.7 percent in December to the lowest rate in nearly 13 years while the median sales price dropped sharply according to a government report on Monday that delivered more grim news for the housing sector.
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A recovery in the economy later  this year will keep U.S. vehicle sales from plunging as deeply  as the most bearish forecasts suggest, according to an outlook  released on Sunday by the group representing U.S. auto dealers.
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Business & money: Market continued to slow in December with prices lower than in the summer months
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General Motors Corp.  on Tuesday posted a 6 percent drop in U.S. vehicle sales for December, ending a year when it lost more than 1 percentage point of U.S. market share.