Finance & Business World

Sales of new cars and trucks in Silicon Valley are down 19.3 percent in the first nine months of 2008 compared to the same period in 2007, a report released Wednesday shows.

The Silicon Valley Auto Dealers Association report predicts that sales for the full year will total 58,665 vehicles, down more than 18 percent from the 71,616 cars and trucks sold in 2007.

The report's author, economist Jeff Foltz of Auto Outlook of Malvern, Pa., predicts valley sales will drop again next year to 56,000 vehicles before rising in both 2010 to 58,500 and in 2011 to 63,500) cash advance in one hour.

The drop in the valley is steeper that the 13.7 percent decline so far this year across the nation.

The only brands which haven't declined in the valley are Mini, Subaru and Jaguar, the report said.

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