Auto sales November 2008

[DavidS]

http://www.marketwatch.com/news/story/ford-toyota-honda-all-post/story.aspx?guid={681021CC-8778-40C2-AC80-822D0321CB9E}&dist=TQP_Mod_mktwN

GM Stock Quote - General Motors Corporation Stock Quote - GM Quote - GM Stock Price

GM U.S. Nov. light vehicle sales fall 41.3% to 153,404 units

Ford Motor Co. on Tuesday reported a 30.6% drop in November U.S. vehicle sales.

Volvo sales tumbled 46.5% to 4,404 vehicles. Ford said it's considering the sale of its lone remaining European brand as part of its revival.

Toyota, the second-biggest car seller in the U.S. behind GM, outsold Ford during November, but not by much. The company said its U.S. November sales fell 33.9% to 130,307 vehicles from 197,189 a year ago.
Passenger car sales dropped 32.3% to 76,954 units from 113,641 last year, and Toyota light truck sales fell 36.1% to 53,353 units from 83,548 last year.

Sales of the Prius, Toyota's one-time hot-selling hybrid, dropped 48.3% to 8,660 vehicles from 16,737 last year as gas prices fell hard from record highs.

Honda reported a sales decline of 1.6% to 76,233 vehicles from 111,431 a year ago. Honda brand sales slid 30.6% to 68,345 units while Acura division sales tumbled 38.9% to 7,888.

Only the Pilot model showed an increase in sales, rising 4.5% to 5,601.

 

[WillowTree]

I really really think people are holding onto their money..

 

[sealybobo]

http://www.marketwatch.com/news/story/ford-toyota-honda-all-post/story.aspx?guid={681021CC-8778-40C2-AC80-822D0321CB9E}&dist=TQP_Mod_mktwN

GM Stock Quote - General Motors Corporation Stock Quote - GM Quote - GM Stock Price

GM U.S. Nov. light vehicle sales fall 41.3% to 153,404 units

Ford Motor Co. on Tuesday reported a 30.6% drop in November U.S. vehicle sales.

Volvo sales tumbled 46.5% to 4,404 vehicles. Ford said it's considering the sale of its lone remaining European brand as part of its revival.

Toyota, the second-biggest car seller in the U.S. behind GM, outsold Ford during November, but not by much. The company said its U.S. November sales fell 33.9% to 130,307 vehicles from 197,189 a year ago.
Passenger car sales dropped 32.3% to 76,954 units from 113,641 last year, and Toyota light truck sales fell 36.1% to 53,353 units from 83,548 last year.

Sales of the Prius, Toyota's one-time hot-selling hybrid, dropped 48.3% to 8,660 vehicles from 16,737 last year as gas prices fell hard from record highs.

Honda reported a sales decline of 1.6% to 76,233 vehicles from 111,431 a year ago. Honda brand sales slid 30.6% to 68,345 units while Acura division sales tumbled 38.9% to 7,888.

Only the Pilot model showed an increase in sales, rising 4.5% to 5,601.

Some good news:

WASHINGTON - Ford Motor Co. is asking Congress for a $9 billion “stand-by line of credit” to stabilize its business, but says it doesn’t expect to tap it.

Ford expects to have enough money to make it through next year without government help, it said in a plan that projected the firm will break even or turn a pretax profit in 2011.

 

[Lycurgus]

When I first got my drivers license, I purchased a new vehicle every year for the next 7 years. Then I became married with children. From that point on, for my personal vehicles I cannot recall keeping any of them less than at least 10 years and most often longer. I have had a lot of different ones, as I always seem to keep three for myself, but, I make sure to get my money out of them. When I think back to those first 7 years and the money I lost trading off each year for a new one. Very foolish. The daily truck I drive now is 14 years old (though I try to be on two wheels as often as possible) and it still has good years left on it. Most times I have found if you keep them maintained, you can fair pretty good. I have never had to replace anything major and only one head gasket.

I guess I have a hard time accepting that I can pay more for a daily ride than I did my first rental property. After all this time, I still have not adjusted to that idea! lol

 

[Andrew2382]

Problem with Ford also, is other the the f-150 and stang the residual on all the other models is shit.

There are brands out there that hold much better residual on their vehicles for trade ins later down the road and that is a factor a lot of buyers look at.