Auto Sales Crater
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
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Market should go up now.
Posted by: Innocent Bystander | Sep 3, 2008 12:57:12 PM
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