repressive regime
Slump In Car Sales Blamed On Housing Market
This story ties in the slowdown in the housing market to a drop in car sales.
Across the US, car sales are described as dismal. How bad can it get?
Well, if cars were bought with withdrawals from the housing ATM - looks like new cars will be the "old cars". No money in the housing ATM this year, doesn't help manufacturers this year. What can they do?
Plans are to sell a car made in China from GM/Wuling soon - can't wait - a $5000 car from China is in the pipeline. China in the WTO, with tariffs dropping, excellent for the consumer, who can now only afford $5000 cars (said only somewhat facetiously).
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