AFSCME 3357-HOF'S BLOG

September Auto Sales (or lack thereof)

The initial figures for United States auto sales for September 2009 are our. Nobody came off well. General Motors came out better than most with sales down only 16%. Ford's total sales were down almost 35%, with SUV sales down 57%. Chrysler's sales were down 37%. Even the Asian brands were not immune from plunging sales. Toyota's sales were down 32%.

Why did GM's sales fall only half as much as Toyota's? Credit GM's employee prices for everyone campaign, for pulling GM's chestnuts out of the fire just like after the 9/11/2001 attacks.

With tight credit and news reports of an impending recession, it is unlikely that industry sales will improve until well into 2009 at the earliest.

source: money.cnn.com