This blog is for discussing issues in our complex global economy.
Here are the auto companies U.S. sales for February. These are the year-over-year percent declines:
Well im not suprised that the car companies are going under. There are not alot of people who are willing or able to buy cars right now.
0f course car sales are going under everyone in our society is going broke. Maybe not the multi millionaries but the average working person is being taken over by this depression. With jobs cutting people’s hours to firing people just to keep their busy alive. Some car companies are advertising free fiancing and even letting you buy a car and return it if you lose your job. It is a very catchy ad but who even has the money to trade in their car for a more efficent vecihle. Car companies have always over produced on making cars no wonder they all are going bankrupt.
scary the fact that its going belly up. For everyone is losing their jobs and people are struggling to keeps their families going. Its not only just the down number in car sales but the workers/ business wrapped up altogether. can’t be blinded to just numbers of sales but look at the entire economy as a whole pic.
The quality and price of Honda Automobiles has as result those lows declines in sales.
This is not surprising that car sales are down. What is surprising is that Toyoya, who is suppose to be the maker of the number one selling car in the country, the Camry, is down 40%. I could understand American car companies who excel in truck making, because of gas prices, people may not want to buy. But Toyota, that’s just crazy!
I’m not suprised one bit to see car sales declining. The percentages are going to continue to decline if this economy is not fixed sometime soon. But what do the car companies expect? Cars are not cheap, and even if they are, maintenance is still required. A lot of people do not have the money for cars anymore,and if they do, I’m sure it is being saved for “necessities.” So, cars are just gonna have to wait…we can consider them a luxury these days…
Every company is going down lose 30% or more, it’s not only these car companies but all because we produce 30% over (e.g,. houses, cars, food producing, electronics, etc.) We’re going to lose 30% or even more. It is steadily dropping because we can’t afford to make any purchases. In addition, these auto companies are cutting back in production and losing stores. Seeing that the supply of cars are decreasing the oil has gradually increasing. I think in the next couple of years these car companies are going to start making more hybrid cars.
Henry Ford’s vision was that so every American family could own a car and here he is with his company at -40%! I also read an article about how terrible Toyota has been doing during this time and it said, “if you know Toyota is doing bad, everyone’s doing bad”. This is utterly depressing. I’m tired of reading about bankruptcy, bail outs, and etc. Clearly we need to be informed but isn’t anyone else getting sick of this?
I am not surprised to see that the 3 American automobile corportations are down the farthest because foreign cars are being sold for cheaper with better gas mileage. The small honda civics that are hybrid and get 50-60 miles per gallon are the reason american motor companys continue to struggle. Also GM barely reeieved there relief package which if they didnt, it would have discontinued GM as automobile corporation hurting the economy once again.
This is not surprising to me at all. People are being laid off, going broke and struggling to get by with their house and college tuitions, buying a new car is not exactly a priority for most people at the moment. further, it is definitely not surprising that it is the American car dealerships that are suffering the most. Trucks and SUV’s are not going to be the most appealing cars during this harsh time as they have worse gas milage.
I am not at all surprised that the car companies sales are drastically declining. For instance, GM was making Hummer but eventually they closed down many car dealerships that were selling Hummers because people are interested in more eco-friendly cars with better gas mileage. During this economic down turn people are not willing to spend money on lavish things, especially on cars.
This article is gives us a realistic effect on what the recession in the U.S can cause to the domestic and non-domestic auto makers. It is surprising to see that all major car companies are at least twenty percent down in sales for febuary. Some American companies have even doubled that percentage. Even Japanese giants like honda and toyota have been laying off employees and shuting down dealerships due to the drastic drop in sales. It may be a good idea for the government to issue a bill that makes new car more fuel-efficient so the consumer can save for other purchases. It is going to take a lot of car sales to stop the decline in sales. We must come up with alternatives besides government bails and employee cuts.
Its not surprising that the car companys are not saling cars. Many people don’t have jobs and those who do don’t want to take the risk in buying a car and then getting layed of and loosing every thing in the long run.
That should teach the auto giants a lesson. Feel bad for the auto workers though. Maybe the auto companies well get their act together and start rolling out with more green vehicles and, pull the jobs back over here, so we can start investing back into this nation. And maybe, the sales might come back up. But, like other have said, nobody has money right now.
If the issue of declining car sales is to be resolved and see long-term success, the auto industry will have to manufacture cars with an eye to the future. This economic crisis will never fully leave people’s minds even after it is over; the fear of another recession/depression as this will likely linger. With that, the car industry will have to manufacture cars that are more reliable, more sustainable, and more cost efficient for consumers if it wants to become more stable in and independent of economic downturns.
Well, I am not surprised to see the 3 American made vehicles at a negative in sales. When Americans are in a crunch we usually buckle down and buy economically. We buy vehicles which will meet our needs such as dependability. We research to make sure the vehicle is not a gas hog. The American made cars seem to breakdown more often, they are gas guzzlers, and it’s costly to repair. I own a Honda, its dependable and when I stop to fill up my gas tank its not as costly as an American made vehicles. I was surprised to see that Toyota was a -40 in sales, that surprised me because Toyota’s are great vehicles too.
It is obvious that most car companies depend on profits from American consumers. Even the Japanese car companies are suffering and that is because of the state of the economy and the world economy for that matter. It seems that the world economy depends on American consumers. When Americans are feeling the pinch for cash, everyone does. It doesn’t matter whether they are American or foreign corporations, they all still depend on America’s consumers. Unless, there is some way to pull the U.S. out of this recession, I think the whole world and all the economies involved with the U.S. will feel the stretch for cash.
The huge decline in car sales in probably not a surprise to many people, with the current economic climate. A new car is not an essential item, more of a luxury good so people are going to sway away from buying a brand new car and spend there limited disposable income on more essential goods ( food, bills, etc). Prices of gas are also very high and not helping the car market, however taking a positive look this may help the environment with more people car pooling or taking public transport to save money.
It does not surprise me that car sales are down. Because most of the population is middle class and for the most part we are just struggling to get by right now. None of us are thinking about buying a new car. Also prices of gas are going up so maybe that could be a reason some people are not buying new cars maybe they are afraid gas prices will go up how they were in the summer. Our jobs, houses and it seems like everything else is paying the price for the recession so it doesnt surprise me car dealerships are as well.
Well i am not surprised by this one seeing how our economy is going broke and no one is willing to pay $50,000 for a huge truck. I already had a good idea that the first auto industries that would be hit would be GMC’S and all the “Big” size cars since it cost twice as much to fill them with gas than leading small cars. It is also a good thing too seeing how my good friends just bought a new Cadillac Escalade with navigation system, back up video etc. for $45,000 when it was originally $65,000. It shows you how desperate auto sellers are when trying to make a sale.
Auto dealers like Ford, Toyota, Nissan, etc. are very important companies for our nation because there are so many dealers all over the country and if they go bankrupt then that means that there will be thousand and thousands of jobs lost. That’s why it is important to maintain these companies alive.
It’s not shocking that car sales are going down. People are struggeling to make ends meet at the end of the day, so there not going to be able to afford a new car. Car Delears have tremendosly brought down their prices, and it hasn’t even helped at all. The companies are desperate to sell cars, or else their company will go under and have to be shut down, which is happening to a lot of car lots.
I may be biased but I always thought the US should move away from car manufacturing towards an industry or service in which we have a comparative advantage. These statistics only serve to reiterate my point even thought not all of the company’s are US based. The job loss would be enormous but more pressure needs to be put on indentifying areas in which we can create jobs that maintain a comparative advantage.
Because the economic downturn, people are decreasing their consumptions and increasing their investments. Car companies are taking a direct hit because of this. Around the bay area, I have noticed that many car dealerships are closing. They simply cannot sell any cars. This is exceptionally surprising because car prices and gas prices have dropped over the last six months. Another reason why people are not buying cars is because of new green technology. Perhaps many people are simply waiting for new green cars to hit the market.
It is amazing to see such big companies in such terrible downfalls, especially Toyota, which was doing amazing those last few years. However, it was good for me since I bought a car about a month ago. But I will probably regret not having waited a few more months if the prices continue to go down like that. Maybe the low prices will attract more consumers, which will stabilize the auto market just a little bit. I heard that most of the car companies are selling cars at a loss, because they don’t want to keep it as inventory, which is terrifying.
It’s sad to see these depressing statistics. but it is totally understandable. people are losing their jobs all over the U.S, therefore, everybody is sacred to lose their jobs, so nobody buys cars! even those who want to buy a car( like myself) are waiting for the prices to drop even more. My friend Lucas Tirelli bought his car 2 months ago and regrets it now because he thinks he should have waited more. (but i always tell him that you made a good deal, not a lot of people have blue chryslers like yours)
I see that the Ford, Chrysler and GM have the biggest declines. My first thought is that is due to the fact that they’re so behind in their vehicle technology – environment friendly, gas mileage, etc. But seeing that other auto companies like Honda and Nissan also have sales down I believe shows that it’s become more of a problem than just “green” vs. non-“green” auto companies. The economy’s downfall has affected all areas of businesses and this shows in these declines as well.
I’m not suprise of car sales declining. Hearing companies going bankrupt and even closing down, it’s obvious that people will be loosing jobs. Here in America, most of the citizens are either buying or trading their cars for new ones. Since of the cut off of their pay checks and even loosing a job will not make consumers able to buy or trade their cars. Also, banks are effected by the downturn so they will not be able to lend money to the consumers. What a sad situation.
I would suggest car companies to start diversifying their business in two ways: 1) Start building cars for a new era of sustainability and price them competitively, so they get on the market this century; and 2) Start investing in new means of public transportation, maybe privatize public transportation -a new concept, a pleasurable commute, fast and clean trasportation intra-urban and connecting urbes. Put your money in creating a redesigned world that works for all, with the common good as an honest motto. Think I am describing science-fiction, think again…
Ha this is amazing to see actual statistics about. i knew that companies were doing bad but had no idea things were that bad. Ive noticed Ford Dealerships across california closing so it doesnt surprise me that they are close to the top of the list. i have not seen many GM dealerships close though which is od since they are higher han ford. what casues ford dealerships to close so many locations where GM is not closing as many?
Wow, i did not know cars were so bad. I only thought that chrysler was doing bad. My sister has a chrysler and my dad is still making the payments. and what sucks is that theyre going to be closing down. What i dont understand is that why do auto makers still keep making cars? I mean only a fraction of people are buying cars right now. The auto mall in vallejo only stayed open for like what.. two years or something. All the cars that were there aren’t there no more. Only a few. and i hardly ever see poeple there!
Its not surprising that the cr companies are crashing, they keep on producing cars that waste gas, create polution and are completly rediculious in how much they cost. We need smaller more economic cars…then maybe people will start buying again. We need cars that get the most gas milage and at the same time can get us where we want to go…come on car companies. pick it up and get with the future of this country. go green…
Im not surprised that car companies are going under with the economic state that our country is in right now. I think that is defiantly why American Car Companies are a lot higher on the list. I personally drive a Honda because it is very reliable, gets great gas mileage, and was very affordable. American Car Dealerships need to get away from the big SUV type vehicles and make affordable gas efficient vehicles because with the price of gasoline those are the cars that Americans need.
The decline in car sales has been increasing because of the economic depression and people without employment. People wants to buy others things insted of buying new cars. They prefered to save the money for an emergency.
With the economy as it is, it is not surprising at all to see a drastic decrease in automobile sales. I think it is the last thing on peoples mind to buy a vehicle at times like these. There are many methods of transportation out there healthier for the environment and the pocket. Yes, it is devastating to witness such a drastic elapse in sales because it puts a burden on large engined vehicles to start off with, nobody could afford gasoline anymore, let alone a brand new car off the lot.
Its not surprising no one wants to buy a car now. Especially not a un-fuel efficent car. No gas guzzlers. Its pretty strange that I will go by a ford dealership and there is not one car in the lot. But times are strange now.
numbers like these are the ones that are affecting the stock market so much. it seems like the stock market fluctuates depending on how the stock people are feeling that day. if they are feelin good then the market goes up and if they are feelin bad then the market will go down. maybe if we lie about the numbers then the stock market will always rise? 🙂 haha na i doubt it.
It is no surprise that many car companies are having money problems and having to lay off many people. The top three car companies doing the worst right now is Ford, GM, AND Chrysler. Furthermore, you can see the effect by many car dealerships having to close down. For instance, on the way to work there are three car dealership right next to each other; a Ford, a Chrysler, and a Nissan. By the beginning of this year the Ford closed down and a month later than the Chrysler. Now it looks weird with so many vacant parking lots everywhere.
I completely agree with Tom Jones, MM, and the others in saying that I was not surprised at all to see the American auto makers experiencing the highest declines. I have to say that it is a bad sign to see Japanese automobiles declining so much as well, definitely a sign of the hurting economy and consumers’ shaken confidence. I didn’t used to understand when people would joke about buying new cars to “stimulate the economy” but now I do for sure. The problem is though, who would want to buy a car from Ford, GM, or Chevy? Not me. (Owner of a Ford truck, buying Japanese next time)
This is not surprising, people can just about come up with the money to pay for their rent at the end of the month, they can not afford to buy a new car. The car dealerships brought the car prices down, but not even that is helping them sell cars. It is just not such a great time for many people. Yet for those who have been saving up, they can take advantage of this and buy a car for a cheaper price.
It is nota prety site to see when everyone is going broke therefore making people lose their cars. but this not surprising that we see the car sales extremely bad. I mean we should have expected this because knowone wants to lend money out and knowone wants to borrow it for the same reason they wont pay it back.
It is not a surprise that the car industry is falling to its knees with this reciession because making cars is not working
out with such low demand for them. i personally want a Nissian
Cube so of course i will be future buyer but if i find a used
car that drives me from college to work to my house which i do
have then im not giving that up until the economy stableizes
of course these companies are going down. Gas prices have gone up and ford, gm, and chrysler haven’t made cars that are more gas efficient. Therefore, not appealing to the consumer. Then they made to many cars without noticing that people cannot afford to buy. They became unaware about the demand that people have so they ended up falling.
Does this actually surprise anyone? American vehicles have taken the biggest hit and thats because of rising gas prices. What does actually surprise me is that toyotta has that big of a decline. and Honda only has a 12% decling, personally, i thought it would be the other way around.
It does not suprise me one bit that auto sales are declining. Almost everyone in America already has a car. And in this economy people are trying to save as much as they can. This unfortunately means for car companys that a new car isnt in high demand.
It’s not surprising that American car companies are down due to their types of vehicles that guzzle gas but what is surprising is that Honda, Toyota and Nissan sales have such a high percentages also. Since the economy is so bad people are trying to keep their cars longer with more regular and better maintenance.
It think that america’s car companies are dramatically decling because of years of factors. America has lost it’s pride in the automobile industry. We were the inavators of the auto mobile industry. We were the first people to ever make a car. Now american cars a joke. People often refer to FORD as Fix Or Repair Daily. It think that america needs to get creative with there automobiles again. They need to come up with a more efficent, less gas consuming , better for mankind car to come out of the hole there in.
This huge decline in car sales is not surprising. Thousands of people are unemployed and it would not even cross their mind to purchase a new car with all the other expenses they need to pay. I decided to research and compare the sales from February of 2007. Most car sales were up by a few percentage points from the previous year. It is amazing seeing how much these sales have changed just one year later.
New cars are not on the top of people’s priority list of things to buy. Everyone is on tight budgets right now and are not buying cars. They are thinking about putting food on the table every day, not which car they are going to buy. Buying a car is a luxury item not a necessity. luxury items are always put on hold during bad economic times. The car dealerships are all shutting down right now.
Cars are very cheap right now and if you have the money, go out and get one to stimulate the economy.
I just wrote a paper about automobile industry even though it was about in Korean market. However, I think the situation is similar. This is not surprising at all. Well demand of car is decreasing every year. Once you buy a car, you won’t change it at least three or more years. I think the major demand of new car is young generation. Well, the birthrate goes down each year. How can the demand of new car go up? The automobile companies should change their stratergy to sell the cars…
It is evident that the US car industry has been at a decline for the last 5 years. These economic times have affected every aspect of our spending style. The question is that should the car-making industry be moved to foreign places and if it will still create the same kind of revenue in the US or even more. It may be the most wise choice since this industry is at a decline here in the US
i think in this time of crisis no one would even think of buying a new car. there will be some people buying but not as many as the companies expected to sell and thus are going under loss and this is why companies like GM and Chrysler are seeking bailout from the government.
O wow… this is bad! Its not surprising but it is very unfortunate that businesses are seeing such a decline in prices. Dealerships are pretty desperate; I went to Ford to look at the new Mustang and they were all over me to the point that I had to leave. I would be interested to see how many people are selling their cars or how many people are buying used cars.
this makes perfect sense under such hard conditions. I don’t understand why Ford, GM and Chrysler don’t take a hint from Nissan and Honda and make cars that mostly stresses good gas millage. Obviously Honda, Nissan, and Toyota are doing poorly as well, but they aren’t doing so bad as too go under in sales and have to shut the companies down! They just have to make it until the end of these hard times, then people will once again want the Ford F350 for towing capabilities.
Its interesting to see that Hyundai and Saturn are not on this list. These two companies are the first and second movers in the industry when it comes to financing cars if you get laid off, or returning your car within the first couple years of the purchase. I think these are extremely intriguing strategic methods from these two companies and at this present time seem to be benefiting from a healthy market share. I wonder how long it will take until the rest of the industry jumps on the bandwagon just late enough to be the last team in a outdated industry with technology constantly changing each and everyday.
Having a close friend in the auto industry it is crazy to see the effects it is having on him and his family. I completely understand though, as money is tight and as people lose their jobs, they are not willing to put up 30 thousand dollars for a new car. Used cars sales is higher than new car sales, but its just such a drastic change. Automobile industries are in a tough tough time, and as of now it seems that it is picking up slightly, which is good.
This makes me wonder why were not doing more to support our homegrown auto companies. I feel like i see way more Honda and Toyota hybrids runnin around than Fords and GMCs. Whatever happened to the whole, the bigger the better concept? Why would you want a little foreign car that weighs like 5 lbs when you could have a Ford F-350 Supercab that can run over a house? Im getting sick of seeing people driving these little Mini Coopers and Miatas. Americans need to man up and supported their own. This is treason.
The Auto industry may be the industry that is affected most by the recession. This is because many of the companies are forced into forecasting to decide how many cars to build due to demand. So prior to the recession the forecasts were made then when the recession hit as you can see some makers are down 50% in sales. This means that they have large number of cars that are brand new and becoming outdated.
I been following the auto industry for a while at least the past three years and this isn’t a surprise. American companies have to change they way they make cars. Japanese companies are just creating a better product and supplying an obvious demand. It’s really simple strategy. I feel American companies like America itself are being stubborn and that stubbornness will be their downfall.
This is a horrible time for automobiles industries because this recession has forced people into saving money and not going out to buy a new car. With this ongoing struggle some automotive industries may have to go out of business. The price of cars has gone down, but industries are also unsure of how many cars to produce because the demand has gone way down. Even though we may get out of this recession soon, car companies cannot afford to wait around to see. People either need to start buying car, which probably won’t happen, or we will see some of the big industries go out of business.
Sales are way down for all auto brands, but you wouldn’t know it if you depended on those manipulating auto dealers. Last week I figured it would be a great time to buy a new car. I visited a GM car lot and a Honda car lot and both dealerships treated me like they were doing me the biggest favor in the world letting me buy one of their hot cars. The Honda salesguy even showed me a computer printout illustrating how backed up their sales queue was for the models I wanted. i think If you want a good deal on a late model car, go to Craig’s List.
When looking at these figures, I think it’s correct to say that car buyers are becoming more selective. Honda (and acura) is known for producing very reliable cars, so in the rare occurance today where someone actually buys a car, they will certainly do the research to determine which car will be the most worth their money. Of course being a Japanese automaker surely helps, considering Japan is not in the same financial rut we are.
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