Wednesday, November 5, 2008

Auto Sales: Month over Month Sales Shows a Different Story

We have already taken a look at the huge drop in year over year unit sales in autos, but month over month unit sales tell a different story. Saturn, GMC, Buick, Pontiac, Hummer, and Chevy round out the biggest drops. Why? A lack of financing. Per the Associated Press:

Neff said a key factor in the GM slump was that its finance arm, GMAC, majority owned by Cerberus (which owns Chrysler) "decreed it would only lend money to buyers with a credit score above 700, which effectively wiped out in-house financing for the majority of GM customers."

Source: Auto Blog

6 comments:

  1. What is the point of this blog? 1 Sentence you wrote yourself and another copied from another website hardly qualifies for "content"

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  2. you're forgetting them most important part of this post and blog... the lovely chart(s). the part about 1 sentence of my own and another copied from another website is some great / deep analysis. mind if i write a sentence and post that?

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  3. not sure if that comment was insulting kieran or me... apparently, i have a lot to learn.

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  4. don't listen to the haters, jake

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  5. Time for the car manufacturers to Wake Up! Production of electric cars should begin immediately. I would buy a reasonably priced car like the Tesla that gets 200 miles to the charge and charges in ten minutes. Heck, it takes ten minutes to get gas.

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