August auto sales in the U.S. look like they'll hit a 28-year low as new worries about an...

|By:, SA News Editor

August auto sales in the U.S. look like they'll hit a 28-year low as new worries about an economic slowdown - and joblessness - trump model-year closeouts. On average, analysts expect an annualized 11.6M vehicles, 18% below last year's total (boosted by cash-for-clunkers).