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Monday, March 03, 2008

Auto Sales: Cliff Diving

by Calculated Risk on 3/03/2008 02:21:00 PM

From MarketWatch: GM February U.S. light vehicle sales fall 12.9%

General Motors ... on Monday reported a 12.9% decline in February U.S. light vehicle sales to 308,411 cars and trucks.
Also from MarketWatch: Ford, Toyota sell fewer cars in February
Ford said it sold 196,681 cars and trucks last month, down 6.9% from 211,150 a year earlier.

Toyota ... reported that February U.S. sales fell 2.8% to 182,169 vehicles, down from 187,330 last year.
Maybe Chrysler will save the day ...

Update: Ooops, Guess not (Chrylser saving the day). From MarketWatch:
Chrysler Feb. U.S. sales fall 14% to 150,093 vehicles