Credit crunch hurting U.S vehicule sales

"Cars run on gasoline, but car sales run on credit''.

And consumers buy Japanese cars as credit tightens ...

Toyota May Top Ford in August Sales as Demand Fell
Aug. 31 (Bloomberg)

Toyota may post a 2 percent gain this month to displace Ford as the second-biggest automaker in U.S. sales so far this year, according to research firm Global Insight Inc.
Ford's sales fell 12 percent, the average estimate of six analysts surveyed by Bloomberg.
GM's sales declined 5.9 percent in August and Chrysler LLC's dropped 5.8 percent, according to the analyst survey.

In July, U.S. car sales fell 12 percent and the market share held by GM, Ford and Chrysler dropped below 50 percent for the first time. Japanese and South Korean automakers grabbed a record 44.6 percent.

Automakers report August results on Sept. 4.

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