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US auto sales should increase from current levels by the third quarter of this year, possibly climbing to an annualized pace of 12 million units from



US auto sales should increase from current levels by the third quarter of this year, possibly climbing to an annualized pace of 12 million units from the current 10 million pace, the chief executive of Hyundai Motors America said on the sidelines of the Chicago Auto Show.

"Third quarter we hope that the industry will begin recovering. We see the first quarter and second quarter the industry staying at the 10 million unit sales rate for the full year and hope for acceleration in third and fourth quarter," said John Krafcik, Hyundai America's chief executive.

TOP European car makers warned of a bleak 2009 as signs grew that the deep crisis facing the auto sector went far beyond the US industry's




TOP European car makers warned of a bleak 2009 as signs grew that the deep crisis facing the auto sector went far beyond the US industry's life-or-death struggle.
The heads of Renault-Nissan and Fiat said the car market would decline further next year after steep sales drops pushed the US Big Three to ask for the state bailout which was rejected by Congress.

New Age of Marketing Cars Online





The car industry has been floored by a combination of high energy and raw material prices as well as a blow to consumer confidence from the financial crisis.