SubscribeAll Posts Tagged With: "auto sales"
Ford’s Sales Down 48 Percent
Tom Krisher, AP Auto Writer
Ford Motor Co. says its U.S. sales fell 48 percent in February, proof that huge rebates and low-interest financing aren’t enough to entice fearful consumers to make a major purchase
The Dearborn, Mich., automaker sold 99,060 vehicles last month, compared with 192,248 the same month in 2008. Other automakers report their sales later Tuesday
My comment: We have too many cars, houses, nail salons, Applebees, strip malls, Home Depots, sub shops etc…already. Peoples standard of living has to return to the mean. That will mean a drastic shrinkage in all of these businesses. I think we can start using the…
4Mar2009 | The Real Deal | 0 comments | ContinuedU.S. Auto Sales Post Worst Year Since 1992
Total U.S. auto sales last year hit a 16-year low as the world’s major carmakers racked alarmingly high double-digit sales drops in the recession-plagued United States.
According to industry research firm Autodata Corp., U.S. vehicle sales clocked in a 13.2 million, the lowest since 1992. The year before, annual sales were 16.1 million.
U.S. auto sales fell 36% in December, an alarming signal that we’ve yet to see the worst.
“It’s one of the worst years ever, and this year will be worse,” Stephanie Brinley, an analyst at consulting firm AutoPacific Inc. in Southfield, Mich., told Bloomberg “It’s not a gas problem.…
7Jan2009 | Money Morning | 0 comments | Continued
Loading ...
