(Reuters) - Dealer groups and analysts say early indications show July
sales failed to break free of a second-quarter slump,
ratcheting up the pressure for production cuts and stepped-up
incentive spending by the embattled U.S. auto industry.
"Housing worries and relatively high gas prices are
weighing on consumers," Bear Stearns analyst Peter Nesvold said
in a note for clients.
Read more at Reuters.com Mergers News
sales failed to break free of a second-quarter slump,
ratcheting up the pressure for production cuts and stepped-up
incentive spending by the embattled U.S. auto industry.
"Housing worries and relatively high gas prices are
weighing on consumers," Bear Stearns analyst Peter Nesvold said
in a note for clients.
Read more at Reuters.com Mergers News
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