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Auto sales could get better in 2010

An influential American analyst believes that the weak economy will slow the recovery of the automotive industry in the United States next year.

Mark Oline, the firm Fitch Ratings predicted that 11.1 million cars and light trucks will be sold in 2010, up 7.8 per cent to 10.3 million vehicles that should have been sold this year.

In a note sent to investors, Mr. Oline said that the high unemployment rate, the depreciation of home values ​​and the marked tendency of consumers towards savings limit recovery.

Although 11.1 million vehicles sold, several automakers and their suppliers spend more money than they earn, said Oline.

He added that a double-dip recession or an increase in the price of gasoline is still possible, which would slow down any recovery.

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