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Every manufacturer's sales were dreadful in January
Posted by Noel [Email] (more from Noel) on Wed, 4 Feb 2009 14:08:45
In Reply to: Didn't know Saab's US sales are so poor..955 in Jan, JDN, Wed, 4 Feb 2009 11:33:05
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overall sales were off 42% compared to last year. Sign of the times.
http://www.econbrowser.com/archives/2009/02/january_auto_sa_1.html
BMW was off over 15%. Their 14,314 includes MINI, which actually declined while X5 sales went up. Kinda shows what 30 years of consistent brand building can do for you. And generally selling to people who probably have more economic security.
http://www.forbes.com/feeds/ap/2009/02/03/ap6003346.html
In general though, fewer cars are sold when the economy is in the tank and jobs are uncertain. But with people keeping cars longer, repair shops are doing well.
There were about 16 million new cars & trucks sold in the US in 2007. One has to wonder if that is remotely sustainable. And if cars are lasting longer, why people need to trade them so often. This is part of a new normal that is a big reality shift, IMHO.
I wish I could spring for a new car right now. Lotta great deals out there!
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