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
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6 comments:

  1. kieranmullenNovember 5, 2008 at 12:33 PM

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

    ReplyDelete
  2. JakeNovember 5, 2008 at 12:45 PM

    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?

    ReplyDelete
  3. sdfghjklkjhgfdsNovember 5, 2008 at 1:09 PM

    blogspam

    ReplyDelete
  4. JakeNovember 5, 2008 at 1:17 PM

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

    ReplyDelete
  5. PeterNovember 5, 2008 at 3:17 PM

    don't listen to the haters, jake

    ReplyDelete
  6. UnknownNovember 7, 2008 at 6:20 AM

    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.

    ReplyDelete