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Low Consumer Confidence Hitting Auto Sales in China
Feb 04, 2009 - In 2008, car sales in China registered single digit growth rate for the first time in 10 years due to weak consumer confidence induced by global financial turmoil. According to China Association of Automobile Manufacturers, for
Tax Breaks Put Brazilian Auto Sales Back on Track
Feb 03, 2009 - After declining consecutively for two months in October and November, the Brazilian automobile sales bounced back in December 2008 although the global economic downturn continued to deepen. According to Brazil’s national
Tough Credit Conditions Hitting Indian Auto Sector badly
Feb 03, 2009 - Vehicle sales in India dipped down to its lowest level in December 2008 due to tight credit market, weak job market and negligible increase in income. The Society of Indian Automobile Manufacturers (SIAM) said that the total
Japanese Automobile Sales to touch 31-year Low
Jan 29, 2009 - Japan’s total vehicle sales fell down to the lowest level in 31 years as a result of economic recession due to which demand and production has dipped down. According to the Japan Automobile Manufacturers Association
Australian Auto Sales Slipped Fifth Time in a Row
Jan 29, 2009 - November 2008 was the fifth month in a row when auto sales fell in Australia as the global recession led to a decline in consumer demand. According to the Australian Bureau of Statistics, new motor vehicle sales in Australia
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