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Auto sales figures for November were incredible. Incredibly BAD. Overall sales down 37% (thirty-seven, not three-point-seven). Literally, they couldn't give them away.
The Detroit Not So Big Three were hit hard - Ford sales down 30%, General Motors down 41%, and Chrysler a jaw-dropping 47%. It wasn't just them - Toyota and Honda sales both dropped over 30% (more than Ford, even).
In this November Americans bought fewer new cars than in any month since October - October of 1982, that is.
So yeah, I think it's safe to say we're in a pretty serious recession here.
The Detroit Not So Big Three were hit hard - Ford sales down 30%, General Motors down 41%, and Chrysler a jaw-dropping 47%. It wasn't just them - Toyota and Honda sales both dropped over 30% (more than Ford, even).
In this November Americans bought fewer new cars than in any month since October - October of 1982, that is.
So yeah, I think it's safe to say we're in a pretty serious recession here.
Labels: economics
posted by Don Q Blogger at 4:08 AM
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