Tuesday, June 2, 2009

U.S. Autos Rebound: Too Little, Too Late Edition

Auto Blogger with the details:

We weren't expecting this, especially from General Motors, which was forced to sell cars and trucks last month amidst rumors of impending bankruptcy (something that came to fruition as soon as the month was over). Despite this, GM posted a decrease in sales volume of only 29.55%. Sure, GM's sales decreased last month compared to May 2008, but they decreased at a far slower rate than its major Japanese competitors: Toyota (-40.72%), Honda (-41.46%) and Nissan (-33.10%). Plus, check out the chart below and you'll notice that GM's top four performing brands – Chevy (-23.74%), Cadillac (-39.86%), GMC (-22.13%) and Buick (-16.98%) – are the same ones that will be transferred over to New GM after it emerges from bankruptcy, which is certainly a good sign.
April YoY vs. May YoY

Variance Between the Two

1 comment:

  1. No one mentions that Obama purchased 17,600 cars (0.211m annualized) for the government. How real is the improvement?