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Old 08-07-2009, 12:55 PM
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These figures don't talk about the facts that the production levels are also down. Last year at this time there was a lot of inventory as the car makers didn't anticipate the drastic drop in demand and they increased incentives to move vehicles, sometimes even selling at just break even or a loss. This year production levels are way down, inventories are down as well and though there are still incentives out there to stem a further drop in demand they are probably not as good as last year.
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