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01 July 2009 @ 08:17 pm
Auto sales seen showing signs of stability  

(SALES, INDUSTRY, PERCENT, DECLINE, MOTOR, MILLION)


By David Bailey DETROIT (Reuters) - Major automakers are expected to report the highest sales rate of 2009 when they post results for June, as deep discounts limit industry-wide results to a 30-percent decline. In the context of the U.S. auto industry, where sales have been slumping for four years, that would constitute good news and support the view sales are near bottom after a punishing decline to nearly 30-year lows, analysts and executives said. All of the largest automakers are expected to post deep U.S. light vehicle sales declines for June to round out what has been the weakest market ... read more