US: JD Power revises down market forecasts

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JD Power is now forecasting that the total US light vehicle market will drop to 13.6m units in 2008, 16% under last year's 16.1m total. A further drop to 13.2m units is projected for 2009. The forecaster and market analyst also said that Europe's market is set to decline while growth in China and India is slowing. Read more ...