Auto Sales Crater

Wednesday, September 03, 2008 | 12:48 PM

Ford:  Sales down 26%, Cars down  8.9%, Trucks off 32.3%.  This was, according to Bloomberg, their 21st decline in 22 months. Sales of cars and trucks dropped to 155,690 from 212,120.

Volvo: Sales off 48.8%

Nissan: Sales rose 14%, to 108,493 vehicles in the U.S. last month. Gains were led by the new Maxima sedan, and the Rogue crossover.

Toyota sales falling 9.4%, while Honda fell 7%.

Daimler (Mercedes-Benz, and the Smart) said sales fell less than 1%.

GM announced Employee-Discount-For-Everyone deals continuing through the end of September. Despite the incentives, General Motors sales fell 20%.

Chrysler reported that August 2008 sales in the US were down 34%.

See also:
Honda Passes Chrysler as Asia Brands Widen Share in the U.S.
Alan Ohnsman and Mike Ramsey
Bloomberg, Sept. 4 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=aesgmsvAHU0o& 

Wednesday, September 03, 2008 | 12:48 PM | Permalink | Comments (37) | TrackBack (0)
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Comments

Market should go up now.

Posted by: Innocent Bystander | Sep 3, 2008 12:57:12 PM

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