Friday, November 28, 2008

Auto sales somewhat less anemic

Auto sales posted a small rebound in November, but few analysts are taking it as a sign that the economy has finally turned a corner.

The latest figures from Edmunds.com show that new vehicle sales in November are expected to be 850,000 units, representing a 1.9 percent increase over October's figures.

However, most major automakers continued to see a substantial decrease over last year's sales figures. Two of the American "Big Three" automakers, Chrysler and Ford (F), led the decline with a respective 41.7 and 33.1 percent drop since November of 2007.

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