Here's How Bad June 09 Car Sales Were (They Were Extremely Poor)

Discussion in 'Economics' started by ByLoSellHi, Jul 1, 2009.

  1. Consider this one facet - these are YoY sales, and June of 2008 was a horrid month, as the financial crash had begun and gas prices were high. In fact, June of 2008 was one of the worst sales' months in the last 30 years.

    It wasn't just GM, Chrysler & Ford. Toyota was down, as was Nissan, as will be Honda. Toyota was down 32% compared to last June, which was a bad month.

    Make way for the taxpayer-funded spin meisters when it comes to GM & Chrysler.

    Automotive News:

    BMW Group –20.3 percent
    Chrysler –41.9 percent
    Daimler AG –26.4 percent
    Ford Motor Co. –10.7 percent
    General Motors –33.4 percent
    Honda –29.5 percent
    Hyundai Group not reported yet
    Jaguar Land Rover not reported yet
    Maserati –47.9 percent
    Mazda not reported yet
    Mitsubishi not reported yet
    Nissan –23.1 percent
    Porsche –66.0 percent
    Subaru +3.4 percent
    Suzuki –78.0 percent
    Toyota –31.9 percent
    VW not reported yet
    Other –23.7 percent
    TOTAL –28.4 percent

    First six months 4,177,830 units sold, –37.2 percent
  2. I'm surprised they sold any units.

    Green shoots !!
  3. Have you gone insane?

    None of this has anything to do with day to day movements aka "Trading".
  4. Toyota June Sales Fall 34.6 Percent

    GM Sales Slide 33.6%

    Chrysler Sales Tumble 42 Percent In June

    Ford Sales Down 10.7 Percent

    ***Before the Friends of the Blue Oval get out their Woo-Hoos, it behooves anyone looking at any of June’s new car sales figures to remember that today’s percentages are all stated in relation to June 2008, which was a tremendously crap month for car dealers. Industry-wide, sales fell 18 percent, as gas prices rose and America’s economic bubble popped like a festering . . . you get the idea. If not, clock this factoid: June ‘09 marks the 24th year-over-year monthly decline in the last 25 months. Rose tinted glasses crushed under the jackboot of reality, let’s continue. . . “Ford, Lincoln and Mercury sales totaled 148,153, down 11 percent versus a year ago, which is believed to be the month’s lowest decline among major auto manufacturers.” Yes, it’s that bad out there that doing less bad than the other guys is considered a major victory. Click here for full results. Jump for instant analysis (just add page views). Again, Ford’s press release is full of the sales equivalent of moral relativism.
  5. We all know the economy is not in great shape. What's the point of posting every single negative report.

    News only gives bias which could be the opposite of the underlying agenda.
  6. Arnie


    Numbers don't look that bad to me. I think the worst is over and I'm loading the boat. I'll be very surprised if we don't see 1140 on Spoos by Halloween.

    The Fed is nowhere near even thinking about raising rates. Obama and the Dems are getting ready to nationalize the banks, energy, the environment, and health care. With the govt controlling that much of the economy, how can it go down? :D
  7. How can it go up?
  8. The new normal in the U.S. will be dramatically worse.

    Unit sales in 2006 approached 17 million.

    They'll be lucky if they eke out 10 million this year. It'll probably be half closer to 9 million.
  9. Mvic


  10. The days of perpetual leasing and buying new cars is pretty much done.

    I remember back in the 70s that people did not go out and have a new auto every 2-3 years.

    I think the new normal will be the old normal.
    #10     Jul 1, 2009