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Wednesday, March 4, 2009

Auto Sales: And Boom Goes the Dynamite

CNN Money reports:

U.S. auto sales plunged 40% in February, the latest sign of trouble for the battered industry.

The weakness was broad-based, with sales of virtually every vehicle offered by the nation's six largest automakers falling at least 10% from year-ago levels.

Sales tracker Autodata estimates that industrywide, cars and light trucks sold at a seasonally adjusted annual rate of 9.1 million vehicles last month. That's the lowest level since December 1981. A year ago, this sales rate was 15.4 million.
Year over Year

While it is important to note that the chart below is not seasonally adjusted, it does show which brands have at least snapped back last months horrendous results and those that continue to slide. Saab is no surprise considering they are up for sale, but what is going on with Cadillac?

Month over Month

Source: Autoblog