As bad as things are for Chrysler, which just declared bankruptcy, and for General Motors, which is also on the brink, it’s worth repeating that U.S. sales are nearly as bad for Toyota, Honda and Nissan, too.
That says buyers are sitting on their wallets regardless, despite deep discounts. Incentive programs from Ford, GM and Hyundai will even pick up your car payments if you lose your job.
A comeback in demand for cars and trucks remains remote as ever, as the seasonally adjusted annual sales rate for April 2009 was about 9.3 million units, according to AutoData Corp. That’s an estimate of how many cars and trucks the industry would sell in an entire year, based on the monthly sales rate in April.
No comments:
Post a Comment