Word: forecasted
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...official total sales that were directly because of the program will be right around 700,000 units. The average incentive - based on the most recent data available - was around $4,200. If we simply divide $3 billion by $4,200, we get about 714,000 units. The original forecast for 250,000 units was based on the initial $1 billion budget for the program...
...measure, however, were the new numbers reassuring-and that was the point. While the report's authors, which include some of the country's sharpest minds from science, medicine and engineering, stress that the forecast is not predictive of what could actually occur in coming months, it was intended to remind everyone how devastating a flu pandemic...
...First American CoreLogic figures there were already 11 million homeowners in that position at the end of last year, and Moody's Economy.com estimates we had reached 15 million by the end of March. The Deutsche Bank projection assumes that house prices nationwide will drop an additional 14%. That forecast is starker than most, and if it doesn't come to pass, the problem of underwater borrowers won't be nearly as severe. (See how Americans are spending...
...Even Chrysler managed to draw some good news from the program. "While we don't expect the industry sales forecast to change dramatically, we are seeing encouraging signs that consumer confidence is building and more consumers are considering purchasing a new vehicle," said Peter Fong, the lead executive for Chrysler's reorganized sales organization. The automaker's total sales dropped 9% for July, but dealer inventories declined significantly and retail sales grew as consumer traffic more than doubled in the last week of the month, Fong said...
This year, U.S. homeowner spending on remodeling projects will continue to drop through the autumn, according to a forecast by the Joint Center for Housing Studies at Harvard University. The center estimates that owner-occupied households spent $122.6 billion on remodeling and repairs last year, compared with $139.1 billion in 2007. And the scope of many projects is small compared to what it was, say, three years ago, when newly built homes, swimming pools and huge additions were more the order of the day than the current crop of bathroom renovations and refaced cabinets...