Auto Sales: Worse and Worser

June 2, 2009 4:50pm by Barry Ritholtz

Auto sales fell significantly last month — no surprise there. But there was a surprise in who took the biggest hit: the Japanese automakers:

Toyota plunged 41%
Honda 42%
Nissan lost 33%
BMW fell 27.7%
Volkswagen fell 12.4%
Mercedes-Benz sales were down 33%
Porsche Sales Down 29%
Hyundai lost 15%
General Motors fell 30%
Ford Motor 24%
Chrysler dropped 47%

The industry’s seasonally adjusted sales rate tumbled to 9.2 million in May. While these numbers are pretty bad, the US companies fared better than expected . . .

See also:
GM strikes deal to sell Hummer to Chinese manufacturer
http://www.marketwatch.com/story/general-motors-strikes-deal-to-sell-hummer

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