June sales for GM and Chrysler even uglier than predicted

June sales for GM and Chrysler even uglier than predicted. Ford weathered the storm better than most–with no government bailout.

ugly June car sales

Ford may have manufactured the Edsel, but even it was prettier than what’s happening to Chrysler and Government Motors.

Sales are down for everyone. But GM and Chrysler come in at the back of the pack. Here’s a complete list of June U.S. auto sales:

▼ 5% Kia, 26,845 units vs. 28,292 units

▼ 11% Ford, 148,153 units vs. 167,090 units

▼ 15% Volkswagen, 26,551 units vs. 31,411 units

▼ 20% BMW, 20,849 units vs. 26,155 units

▼ 23% Nissan, 58,298 units vs. 75,847 units

▼ 24% Hyundai, 37,943 units vs. 50,033 units

▼ 26% Mercedes, 16,271 units vs. 22,121 units

▼ 30% Honda, 100,420 units vs. 142,539 units

▼ 32% Toyota, 131,654 units vs. 193,234 units

▼ 33% GM, 175,792 units vs. 264,065 units

▼ 42% Chrysler, 68,297 units vs. 117,457 units

Please note that Ford, which declined a government bailout, a government intervention, and a government take-over, seems to be weathering the downturn better than most.

Source: Chrysler.com

Car sales down 28%, media reports end of sales slide

New-vehicle sales in June fell 28% from a year earlier to 860,000 cars and light trucks

Great news!!! Car sales are only down 28% this month!!!
Great news!!! Car sales are only down 28% this month!!!

Great news from Detroit. The recession is over. Cars are going to start flying off the lot any day now. At least that’s what the big three carmakers are saying and the media is reporting.

The three biggest carmakers in America called a bottom to the long decline in U.S. auto sales as the industry reported its smallest monthly sales drop this year.

Just one thing. Don’t break out the champagne and confetti yet. Things aren’t as rosy as Detroit would have you believe. Get a little deeper into the story and you discover the truth:

New-vehicle sales in June fell 28% from a year earlier to 860,000 cars and light trucks, according to the market-research firm Autodata Corp. That would be the smallest decline in any month this year.

In similar news, the Japanese government announced that Hiroshima was actually an indication that they won World War II.

Source: Wall Street Journal

I HATE THE MEDIA ™
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