Cars, real estate sales continue to drop

02 Oct 2008

Even before this week’s financial markets melt down, the American economy has been slowing rather dramatically lately. Car and home sales are significantly down.

In September, new vehicle sales were off about 25 percent compared to the same month last year. Ford posting an alarming 33.8 percent drop, Toyota was down 32 percent, and Honda dropped 24 percent. Ironically GM&rsquo

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Brian Blum

Brian Blum covers the U.S., Canada and Israel for Classified Intelligence Report, and contributes to our special reports and research projects. Originally from San Francisco and now based in Jerusalem, he has been with the AIM Group since 2004. He is the president of Blum Interactive Media, specializing in writing and multimedia content development for online, print, video and audio. His clients include newspapers, universities and non-profits. He is currently working on a book about the billion-dollar bankruptcy of a once high-flying Israeli startup.