Tuesday, February 3, 2009

How low can they go?

November auto sales were bad, December's were worse, and January's were just plain horrible.
"The heads of sales analysis for both GM and Ford said that the total industry will end with seasonally-adjusted annual sales rate, or SAAR, below the 10 million mark for the first time in more than 26 years. GM's Mike DiGiovanni said that January will mark the first month on record that auto sales in the United States trailed sales in China."

For comparison's sake, sales between 2005 and 2007 were running about 17 million new vehicles a year.

http://money.cnn.com/2009/02/03/news/companies/auto_sales/index.htm?postversion=2009020314

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