Auto Sales Tank

[RedEarth]

The recent data has been nothing short of astonishing. Auto sales, which were weak over the past 11 months, simply went into freefall in September:

• Ford Motor posted a 34% drop. Their truck and van sales fell 39%, SUV sales plummeted 57% and F-series truck sales dropped 42%.

• Honda reported a 24% decline in sales;

• Toyota U.S. Sept. sales drop 32.3%, light truck sales dropped 38%

• Lexus sales -- Toyota's luxury nameplate -- fell 37.7%;

• Chrysler U.S. September sales fall 33%

• Volvo sales slumped 51.8%;

• Porsche tumbled 45%;

• General Motors sales down 15.6% (better than the expectations of -26%)

• Nissan Sales down 37%

• BMW U.S. sales dropped 25.8%

• Mercedes-Benz reported sales off -16.4%


• Volkswagen sales for September fell 9.4%;

• Hyundai Motor's U.S. sales fell 25%;

• Kia U.S. sales slide 27.8%

• Audi U.S. sales are down 5.4% (but they are a low volume marquee, selling 7, 584 units, vs small Korean mfr KIA, which sold 17,383)

http://bigpicture.typepad.com/comments/2008/10/auto-sales-tank.html

[Oceansaway]

1. can you say...

trickle down ec-o-nom-ics....duhhh

aint workin out so great with these dudes eh.....

[jeff30997]

2. Maybe on the long term it will be a good thing.

We're hooked on oil like junkies are hooked on heroin.

Maybe,just maybe it will give us a good kick in the

butt so that we really start to find alternative sources of

energy.

Just my HO.

[Subdivisions]

3. Looks like an up market tomorrow! Buy! Buy! Buy! n/t