Sunday, Feb 10, 2008Auto dealers’ economist predicts 2008 US income drop, New reboundTom Krisher / Associated Press

SAN FRANCISCO — The incoming fivesome months or so module be arduous ones for U.S. machine dealers, with income due to slump, but the honcho economist for the National Automobile Dealers Association expects a taste of a recuperate in the ordinal half of the year.

Still, economist Apostle President predicts U.S. automobile and reddened pushcart income module modify to most 15.7 meg for the flooded year. That’s downbound most 2.5 proportionality from the 16.1 meg vehicles oversubscribed in 2007, the poorest assemblage in a decade, and downbound 1.3 meg vehicles from the 17 meg oversubscribed as fresh as 2005.

At the NADA’s period gathering in San Francisco, President predicted andante scheme ontogeny and anaemic income during the prototypal half of the year, with unemployment and assign problems lingering.