Has Housing Slump Fueled Slowdown in Auto Sales?

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  • Additional Information
    • Subject Terms:
      UNITED States
    • Subject Terms:
      GOLDMAN Sachs Group Inc. 059164314 GS
    • Abstract:
      The article reports on the negative impact a housing slump in the United States has had on automobile sales in the U.S. in 2007. Industry analysts feel that feel that auto sales dropped 3% in 2007 from 2006 and Goldman Sachs feels that the month's auto sales were at the lowest rates since October 2005. They feel that the housing slump has negatively impacted consumer spending in all areas including the automobile sector.