U.S. auto sales seen down in December, outlook weak
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U.S. automakers were expected to report on Thursday that sales finished 2007 weakly, hurt by the housing slump and high gasoline prices, and the resulting worst sales year in a decade for the industry was seen as likely to increase pressure for further production cuts.
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Toyota Motor Corp (7203.T) said on  Thursday its U.S. sales fell 1.7 percent in December.
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January retail sales were  unexpectedly flat as motor vehicle, gasoline and electronics  sales dipped sharply in the post-holiday season after a  December that was stronger than originally indicated, a  Commerce Department report showed Wednesday.
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WASHINGTON -- Retail sales, hurt by a big drop in auto purchases, slowed in January to the weakest performance in three months.
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U.S. car and truck sales are likely to  rebound in December from a disappointing November, but the bulk  of the gain is expected to come from Asian automakers, analysts  said.
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Drugstores reported unusually weak December sales on Thursday, citing a slow flu season, lower-priced generic drugs and sluggish demand for seasonal items.
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Higher gasoline prices and interest  rates took a toll on U.S. vehicle sales in June, with General  Motors Corp.  braced for a sharp decline from last year&#039;s  incentive-boosted numbers, analysts and executives said.
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Fordâs sales fell 9 percent in December, ending with a whimper a year that is expected to be the worst for the auto industry since 1998.
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Ford Motor Co. F.N 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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Drugstores reported unusually weak  December sales on Thursday, weighed down by a slow flu season,  lower-priced generic drugs and sluggish sales of seasonal  items.
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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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U.S. auto sales are expected to have dropped in May as a weak housing market and higher gas prices sapped demand, analysts said this week.
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Major U.S. retailers on Thursday reported gloomy sales for the critical December shopping season, while a separate report showed new claims for jobless benefits fell unexpectedly in the latest week, somewhat easing concerns of a weakening job market.
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LOS ANGELES - Toy makers and major retailers are bracing for potentially weak Christmas sales this year amid concerns that consumers, many squeezed by skyrocketing gas prices or uneasiness over the economy, will spend less on holiday shopping.    On Monday, No...
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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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Factory activity contracted in  December to its weakest since April 2003, according to an  industry report released on Wednesday.
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The nation&#39;s two largest automakers on Wednesday reported weak November sales, but both expressed confidence that new products would help them pick up momentum.