Though savings rates are high and credit availability is improving, trouble on the home front will keep vehicle sales at bay.
“Housing prices are still falling by 3.9% across the country,” said Paul Taylor, chief economist of the National Automobile Dealers Association, during a panel discussion at the Conference of Automotive Remarketing. “That’s simply not helpful.”
In fact, housing-related problems have stymied economic recovery. The economy is on pace for 3% growth…
Added by Marcie Belles on July 20, 2009 at 1:15pm — No Comments