News Summary: Gov't wrangling hurts auto sales

(AP) - THE NUMBERS: The partial government shutdown and wrangling over borrowing have hurt auto sales. Data collected by J.D. Power and Associates showed that sales slowed to an annual pace of 15.3 million in the week ended Oct. 11.

THE ANALYSIS: Jeff Schuster, senior vice president of forecasting for LMC Automotive, attributed the drop to consumers delaying big-ticket purchases due to uncertainty over the wrangling in Washington.

THE FUTURE: Schuster said sales could recover in the back half of October if Congress approves a debt deal. But they could fall next year if there's another budget confrontation.


(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Top Stories

  • Apathy On Mercer
    Jason Rantz says SDOT's unequal treatments of cars will end up severely hurting Seattle

  • Beautiful Mess
    Tom Tangney says 'Birdman' takes flight, then collapses in exhaustion

  • Best Dressed
    10 of the best dressed Seattle Seahawks show off their stuff
ATTENTION COMMENTERS: We've changed our comments, but want to keep you in the conversation.
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.
comments powered by Disqus
Sign up for breaking news e-mail alerts from MyNorthwest.com
In the community
Do you know an exceptional citizen who has impacted and inspired others?
KIRO Radio and WSECU would like to recognize six oustanding citizens this year. Nominate them to be recognized and to receive a $2,000 charitable grant.