US: Hangover seen after clunkers party
The 'cash for clunkers' party is over with the ending of the $3bn taxpayer-funded incentive, which the government said had accounted for about 690,000 sales, and now the auto industry is likely to experience a painful hangover, analysts and buyers guide publisher Edmunds.com said last night. It anticipates a steep decline in sales in the coming weeks based upon a significant drop in 'purchase intent' behaviour of its website visitors.
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