Thursday, July 12, 2007

U.S. auto sales incentives rise in May: report

(Reuters) - "In previous months, we have seen year-over-year declines in incentives spending, but this month the trend reversed," Edmunds analyst Jesse Toprak said in a statement.




Major automakers will report monthly sales results on Friday. Analysts expect May sales to have fallen slightly from last year with forecast calling for the industry-wide annualized sales rate to slip to between 15.9 million to 16 million vehicles.


Read more at Reuters.com Business News

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