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23J.D. Power warns global auto market may "outright collapse" in 2009

J.D. Power and Associates, the influential industry tracking firm, warned that the global auto market may "outright collapse" due to the lack of available credit and the general global economic conditions in 2009. According to the company, credit market restructuring, fewer leasing options, and declining owner equity are adding additional stress to an already burdened market. Don't turn to the automotive markets in China, Europe, or India either -- they are expected to slow next year as well. Mu

AddFuel mileage makes buying a new car not all it's cracked up to be

Could the American love affair tied in to the purchase of a new car be losing some of its luster? Perhaps, it seems, as ever-increasing gas prices impact U.S. driver's pocketbooks, J.D. Power and Associates is reporting a decline in new car owner satisfaction for the first time in five years. Despite the fact that consumers have been reporting mileage numbers in line with the EPA's newly-revised ratings, the cost of filling up the tank is doing nothing but increasing. Interestingly, though, it i

4J.D. Power and Associates predict even lower U.S. vehicle sales

We really didn't expect good news... J.D. Power and Associates, the global information services company who seem to have highly regarded insight within the industry, is predicting auto sales this year to hit short of their original estimates. According to the firm, declining consumer confidence, lower spending, and turbulent financial and economic market conditions will contribute to an anticipated drop in new light-vehicle sales in 2008 that will put total sales at their lowest level since 1994

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