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Vehicle Sales News Oct. 10 (Bloomberg) -- China's passenger-car sales fell in September, the second straight decline, as drivers deferred purchases because of a slumping stock market and traffic controls put in place to curb pollution during the Olympics. Despite this week's disappointing auto sales numbers, some Mid-Michigan car dealers say the future isn't looking so bleak. October new vehicle sales will be lower than originally expected as consumers continue to put off major purchases and brace for a prolonged economic slowdown, automotive Web site Edmunds.com said Friday. MOSCOW, October 9 (RIA Novosti) - Swedish auto giant Volvo said on Thursday car sales in Russia in the first nine months of this year increased by 13% against the same period last year, totaling 16,000 vehicles. Automotive supplier Lear Corp. on Friday cut its 2008 sales and earnings targets as car production in North America slows. There used to be a time when a family got excited about buying a new car, truck, or van. But with Wall Street taking record plunges, more people are turning to used cars to save money. The Vauxhall car plant in Cheshire is to stop production for 14 days this month due to falling sales in Europe. The economy has hit car dealers in a way that long-time salesmen have never seen. Potential car buyers are having trouble getting financing, and September sales were the worst in 15 years. (AP:NEW YORK) October new vehicle sales will be lower than originally expected as consumers continue to put off major purchases and brace for a prolonged economic slowdown, automotive Web site Edmunds.com said. Obtaining a car loan from Naples Dodge-Chrysler, a Florida dealership, has become more difficult and more expensive since the spring.
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