Wednesday, July 2, 2008

Ouch.

Yesterday the auto industry published its year over year sales numbers. Those numbers make June of 2008 the worst month for car makers since 1992. Some of the numbers are frightening and have no doubt that there will be serious consequences over the next few months. Here are some of my favorite points:

  • Hummer sales were down 60%.....now that is a serious drop.
  • Chrysler's sales sunk 36% the worst (by far) of the Detroit automakers.
  • Sales of the Chrysler Aspen SUV dropped 49%. They only sold 944 in the entire country.
  • Mitsubishi is in serious trouble with a 42.4% drop in sales. They've had a rough few years and news like this doesn't bode well.
  • Porsche drops nearly 20%...The ill advised blight on the Porsche name known as the Cayenne may finally face the ax. It boosted Porsche's sales but diluted the brand and I will not miss it.

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