U.S. auto sales slowing say forecasts: report
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After a string of strong years, U.S. auto sales are slowing and an increasing number of forecasts say sales could fall next year to their lowest in nearly a decade, the Wall Street Journal reported on its Web site on Monday.
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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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General Motors Corp.  on Tuesday posted a steeper-than-anticipated 24 percent drop in June sales, as U.S. automakers lost share and overall vehicle sales sputtered in the face of high gas prices and a weak housing market.
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DETROIT -- Ford's U.S. sales fell 8.1 percent in June and DaimlerChrysler slipped 1.8 percent while Nissan's U.S. sales rose 22.7 percent from a year ago, the automakers said Tuesday.
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DETROIT -- Ford Motor Co. reported Friday that its U.S. auto sales dropped 9.7 percent compared with the same period a year ago as both truck and car sales lost ground. DaimlerChrysler AG said sales rose 4.7 percent.
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Slow sales in Asia are expected to cut into sales and profits.
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U.S. auto sales will likely fall again  in 2008 due to economic stress on consumers, raising pressure  on struggling Detroit automakers to cut prices or use sales  incentives, economists and officials said on Tuesday.
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U.S. auto sales are likely to post  a razor-thin increase this year compared to 2004, when they had  their fourth-highest annual total on record, an economist who  closely monitors the automotive industry said on Sunday.
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Despite losing sales to Japanese car companies, auto manufacturers, particularly U.S.-based manufacturers, have been slow to respond consumer demands for better fuel economy, according to a report released Tuesday by the Consumer Federation of America.
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Ford Motor Co  said on Friday that U.S. auto sales fell 4.1 percent in January, and the economic and competitive market would remain challenging.
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Despite more aggressive discounts, Ford  Motor Co.  and Chrysler Group on Tuesday reported lower  U.S. sales for June, underscoring the drag on the U.S. auto  industry from high gas prices, fierce competition and a weak  housing market.
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U.S. retail sales dipped 0.3 percent  in January, as expected, as automobile sales fell sharply, but  purchases outside the volatile car sector gained a healthy 0.6  percent, a government report showed on Tuesday.
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US auto sales declined 12 percent to 1.43 million vehicles in August, as near-record gasoline prices hurt demand. The six largest automakers all had sales drops for the first time in almost two years.
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US retail sales fall in January, dragged lower by a heavy fall in car sales, the Commerce Department reports.
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DETROIT -- Ford Motor Co.'s U.S. auto sales fell 3.9 percent in January, even when compared with a weak performance a year ago, while Nissan Motor Co. sales dropped 7.3 percent.
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(Detroit-AP) Dec. 2, 2004 - The nation&#39;s two largest automakers are reporting weak November sales and announcing plans to reduce production.
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A Ford Motor Co. official predicts that his company's overall U.S. sales will drop in May, but its retail sales to individual buyers will show a year-over-year monthly increase for the first time since October of 2006.