Car Sales in 2008 Were Horrific

Wow, these numbers are simply awful:

• General Motors U.S. sales plunged to a 49-year low in 2008. December was another poor month, down 31%;

• Toyota U.S. deliveries plummeted 37% percent;

• Honda fell 35%;

• Ford Motor fell 32%

• Nissan was down 31% percent;

• Chrysler dived 53%;

• Mercedes-Benz was off 24;

•Audi sales fell 9.3%

• BMW sales fell 36%

• Subaru sales were down 7.7%;

• Volkswagen AG said its December sales fell 14%;

• This was the worst annual volume since 1992;

• 2008 will be the first year in which the U.S. automakers combined market share was less than 50%;

• This was the first drop in sales for Japanese automakers for Toyota since (1995) and Honda (1993);

These are terrible numbers across the board . . .

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Source:
GM’s 2008 U.S. Sales Dive to 49-Year Low on Recession
Mike Ramsey and Alan Ohnsman
Bloomberg Jan. 5 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=a4FSBwVR7Fc8&

U.S. Auto Sales Continue to Skid
MIKE BARRIS
WSJ, JANUARY 5, 2009, 3:15 P.M. ET
http://online.wsj.com/article/SB123116899078453931.html

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