US Auto Sales Plunge Whopping 36 Percent in December

Tom Krisher, The Associated Press: "Huge rebates and zero-percent loans couldn't overcome economic uncertainty as US auto sales plunged 36 percent in December, capping a dismal year that saw sales free-fall by 2.9 million vehicles from 2007. The bleak numbers, according to both industry officials and analysts, mean that record high rebates and low-interest financing deals will stick around until at least February. But those deals will likely disappear as the remaining 2008 models are sold and inventories are lowered to match demand."

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