Dec
2
Auto Sales Plummet….Again
by Stephan Tawney
Car companies in both the United States and the global community are reporting a significant drop in sales again last month. According to Barry Ritholtz, here are the numbers starting with the Big Three currently begging for bailouts:
- Ford: Down 30.6%
- Chrysler: Down 47%
- GM: Down: Down 41%
- Toyoto: Down 33.9%
- Volvo: Down 46.5%
- Tata Motors (Indian): Down 30%
- Honda: Down 31.6%
No real surprises there, especially on the domestic front. This is actually the second straight quarter of a drop in sales for Tata Motors.
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