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Category:

Car Sales Plummet

July 3rd, 2008 by Administrator

I think we all sort of expected that business would not be good… but with car sales plummeting like that, it does not look good…

HOnda was the only one that did not g down, it increased by slightly over 1 percent, but that was because of their cars. Their trucks were down 24 percent.

Nissan was off 18 percent, Ford 28 percent, Chrysler 36 percent.

Chrysler has an innovative offer.. It guarantees to pay the difference between $2.99 and the pump price for 12,000 miles …. but despite that, it seemed like it did not do much.

Ford’s F series trucks was down 41 percent, and it did not even do half the number of Explorer SUVs compared to a year ago.

When consumer sentiment is down, it does signal that there is still a way to go before business will pick up.

June car sales plummet for nearly all automakers - Yahoo! News

Toyota, with its flexible, efficient factories, couldn’t make the shift from trucks to cars as quickly as American drivers. Its sales for June shrank 21 percent.

The overall market fell 18.3 percent, according to Autodata Corp. It
was the worst June for the industry in 17 years, said Jesse Toprak,
chief industry analyst for auto information site Edmunds.com, who predicted more misery ahead.

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