: SEP 2008---Bad month for new car sales



onebadcad
10-02-08, 06:13 PM
A September to forget for automakers
AutomakerSept. 08Sept. 07ChangeAutomakerSept. 08Sept. 07ChangeGeneral Motors
282,806
334,974
-15.6%
BMW
18,583
24,968
-25.6%
Toyota/Lexus
144,260
213,042
-32.3%
Mazda
16,169
25,098
-35.6%
Ford
116,301
175,361
-33.7%
Subaru
14,491
16,457
-11.9%
Chrysler
107,349
159,799
-32.8%
Mitsubishi
7,378
12,102
-39.0%
Honda/Acura
96,626
127,200
-24.0%
Suzuki
4,083
7,653
-46.6%
Nissan/Infiniti
59,565
94,269
-36.8%
Volvo
4,054
8,408
-51.8%
Hyundai/Kia
42,148
57,301
-26.4%
Porsche
1,458
2,641
-44.8%
VW
24,504
27,601
-11.2%
Isuzu
258
565
-54.3%
Mercedes-Benz
20,582
22,481
-8.4%
Industry total
956,160
1,315,402
-27.3%



Not sure if many dealerships can withstand another month of decreasing volume. Same report from MSN stated this:

An estimated 3,800 auto dealers will go out of business in coming months, Melville said, up from a previous estimate of 2,700.

Good luck to those in this industry, I did my part last month, bought the wifey an '08 Enclave.

onebadcad
10-02-08, 06:14 PM
Oops, did not paste in original format, here is the link:

http://articles.moneycentral.msn.com/Investing/Dispatch/US-auto-sales-plunge.aspx

I~LUV~Caddys8792
10-02-08, 06:21 PM
It's been steady in our service department this last month, but the last few days have been real slow in the afternoons...don't know why. But with us, you can't really tell there's a big economic scare.

Submariner409
10-02-08, 06:51 PM
It's so bad over in Annapolis that the Cadillac sales staff is trying to sell each other a car........but Norris Ford down in Easton is delivering F150 and 250's at a great clip. Did a Ford/Cadillac parts run yesterday and the overall mood is pretty low, though, and the service departments were really slow.

ryannel2003
10-02-08, 07:57 PM
Right before the GMS pricing ended, my dealer was selling 5-10 cars a day. Service department has been busy, but now that the Employee pricing is over I'm expecting a huge slowdown.

dirt_cheap_fleetwood
10-02-08, 08:31 PM
Well, at least GM faired much better than the others. The past few weeks at work have been very odd as well. At nights the store is surprisingly empty and it doesn't seem much better during the day, but at the same time our sales are up. :confused:

ejguillot
10-03-08, 04:01 PM
GM's Employee pricing is over, I expect their sales will go off a cliff this month. Sad but true.

Playdrv4me
10-03-08, 06:51 PM
GM's Employee pricing is over, I expect their sales will go off a cliff this month. Sad but true.

They'll bring it back. And I'm sure any customer who walks in asking for the employee discount will pretty much still get it versus being turned away and no sale... *ESPECIALLY* on trucks.

At this point, a loss is better than an overloaded floorplan and zero sales on the books.