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Date Posted: 17:31:38 10/09/08 Thu
Author: -S.
Subject: "Global auto market may 'collapse' in 2009" - J.D. Power



Wow, this is amazing. J.D. Power is considered "THE" source for news about this sort of thing. This is very, very serious.

G.M. may very well go under in the near future. How safe are the other brands- like Nissan?

-----------------------------------------

Global auto market may 'collapse' in '09 - J.D. Power

DETROIT—The global auto market may experience an "outright collapse" in 2009 amid growing concerns around availability of credit and general economic stress, an influential industry tracking firm said Thursday.

J.D. Power and Associates said in a closely-watched report that credit market restructuring, fewer leasing options and declining vehicle equity are all putting added pressure on the U.S. auto market in 2009.

The agency also said auto sales in Europe, China and India are expected to slow "dramatically" next year.

The outlook represents the most dire warning yet on the auto industry in the wake of the financial turmoil that has rocked consumer confidence and virtually shut the door for many consumers to finance vehicle purchases.


more----> http://www.boston.com/business/articles/2008/10/09/global_auto_market_may_collapse_in_09___jd_power/

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