January Sales Declines for American Automakers.

Discussion in 'OT Driven' started by TriShield, Feb 4, 2009.

  1. TriShield

    TriShield Super Moderator® Super Moderator

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    An ongoing disaster.

    Chrysler LLC -54.8%
    FoMoCo -40.2%
    General Motors -48.8%

    And the foreigners,

    BMW Group -15.5%
    Honda America -27.9%
    Nissan NA -29.7%
    Toyota Mo Co -31.7%

    Autoblog has the cleanest graphic of sales per brand.

    http://www.autoblog.com/2009/02/03/by-the-numbers-january-2009-not-so-happy-new-year-edition/

    Fleet sales have dramatically declined which is one of the big reasons The Big 3's declines are so big. It also paints a scary picture of the real retail demand for their products looks. When you take away sales to fleets there's not a whole lot of people out there in the real world who buy their products.
     
  2. MR. Marti

    MR. Marti New Member

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    holy hell!
     
  3. Supertrapped

    Supertrapped President of 2:73

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    Those are huge percentages
     
  4. art_VW_shark

    art_VW_shark OT Supporter

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    ford affected the least. ford also took no bailout money.
    hm...
     
  5. caddymac

    caddymac New Member

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    So Ford was affected less than Hyundai?
     
  6. TriShield

    TriShield Super Moderator® Super Moderator

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    Ford will be in line soon enough.
     
  7. deusexaethera

    deusexaethera OT Supporter

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    This has nothing to do with the economy and everything to do with PEOPLE CAN'T GET ANY FUCKING CREDIT. The banks are holding the entire goddamned country hostage until we pony up enough cash to pay for their bad decisions back in the 90's. Of course they can't sell any cars, because most people can't drop $20-30k in cash.

    There is an upside to all this, though; right now, small businesses have the best access to credit of any entity, human or corporate, because small businesses can make a lot of money with relatively small lines of credit. What this means is, while all the big players are shedding jobs they can't afford to keep because they can't get the credit to pay for their massive overhead costs while they wait for the economy to rebound, small businesses are hiring like Hell won't have it. This is how a market economy compensates for the fact that huge corporations have their way most of the time.
     
    Last edited: Feb 5, 2009
  8. August Burns

    August Burns New Member

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    Idk, ford has some nice products in the pipeline. taurus, fiesta, transit, lincoln mkt, new fusion hybrids, 2010 mustang looks fantastic. All new focus in a few years.
     
  9. TriShield

    TriShield Super Moderator® Super Moderator

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    Ford Sales Plummet 39 Percent

    [​IMG]

    By Edward Niedermeyer
    February 3, 2009

    Automotive News [sub] reports that US-market sales of Ford, Lincoln and Mercury-branded vehicles fell 39 percent in January, to 90,131. “Retail demand appears to have stabilized,” Ford sales analyst George Pipas told AN before those numbers were announced “Regrettably, but understandably, it stabilized at a low rate. But before you can begin to improve, things have to bottom out.” And have they ever. Ford’s press release is a roiling sea of not good, with Volvo down 64 percent, Mercury down 44 percent, Lincoln Down 23.7 percent and the Ford brand 39.5 percent versus January 2008. Fusion was the only significant seller that dropped less than 20 percent (Volvo V50 was down only 16.6 percent with a big 136 models sold, and the Towncar is up 147 percent at 510 units sold).

    So instead of becoming the last known survivor stalking its prey in the night and watching bailout proceedings with the eye of the tiger, Ford is preparing to ride this bad news straight to the handout line. Ford executives announced to Automotive News [sub] that the firm expects “robust” additional funding for a program of low-interest government loans to help automakers and suppliers retool for more fuel-efficient vehicles. Beyond the $25b already appropriated, of course. Specifically, Ford is gunning for $11b worth of these so-called Section 136 loans, implying that the Obama administration should double down on the program “because President Barack Obama likes it and some congressional Democratic leaders are enthusiastic about it,” according to Ford VP for Government Affairs, Bruce Andrews.

    And Ford will even make it worth the O-Man’s political capital, vowing to “work together” with state and federal officials to create a coherent national standard on fuel efficiency and tailpipe emissions. After all, the “bailout bucks used to sue states” story aint helping Detroit’s underdog turnaround narrative any. If Ford is going to get in line for more (non-136 loans) bailout money (and if February isn’t an improvement, expect it), they want to keep whatever bits of moral highground seperates them from the PR hell currently occupied by GM and Chrysler. And who can blame them?
     
  10. TriShield

    TriShield Super Moderator® Super Moderator

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    That's one part, the other part is a large percentage of people that simply have terrible credit and should not be given loans for things like new cars in the first place. These were the people the Big Three have been targeting for nearly the past decade with 0%, anyone with a pulse financing to move the metal and make things look rosy.

    Another part of the story is that nobody is buying cars or making big purchases due to the economy. And if they are they aren't doing so at a Big Three showroom. That's why the foreign automakers have less of a dive each month than the Americans. Plus with fleet sales collapsing that hits the Americans even harder. It paints the real retail picture of their auto sales and it's showing that they are even worse shape than everyone thought.
     
  11. August Burns

    August Burns New Member

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    oh im not saying they are not in bad shape, but just that they have some nice products coming. Believe me I know I work for Honda and sales have been terrible.
     
  12. caddymac

    caddymac New Member

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    Exactly. From what I understand, the people that can't get credit are the people that maybe should not be getting credit in the first place.

    Also, because cars are mostly an emotional purchase, when everyone's emotions are in the dumps, so goes the emotional buying.

    There's also the clear over abundance of vehicles to purchase out there, both old and new. The problem with our cars going 100k miles without any major expenses is that now there are a ton of used vehicles to choose from.

    One of my friends is a die hard Hyundai fan. He won't even look at "American garbage", yet if I ask him how great Hyundai cars were 15-20 years ago he has no comment. The public's perception and retention skills are generally poor, but domestics continually screw things up so much the public finds it hard to forget all that they've done wrong in the last 30 years.
     
  13. Short Bus

    Short Bus Beep beep!

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    I don't believe this. I haven't tried it recently, but I can almost guarantee that if I go to my credit union and apply for a loan on a new car, the first question they'll ask is "how much money do you want?"
     
  14. deusexaethera

    deusexaethera OT Supporter

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    Credit Unions are usually better than banks in a poor economy, because they're run by their customers, i.e. the management knows that people still need to borrow money no matter what the market is like. Banks have done a pretty bang-up job of convincing people their money is only safe in a big national bank, though, so I doubt very many people still use credit unions. I don't know anyone who uses one, myself.

    But yeah, "how much money do you want" is going to be the first question any lender would ask, because a poor credit rating doesn't mean you can't get any credit, it just means you can't get a lot of credit.
     
  15. deusexaethera

    deusexaethera OT Supporter

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    I can't speak for everyone in this case, but I do know a lot of people (my family included) who are taking the opportunity to buy everything they wanted to buy a couple of years ago, but couldn't afford because the prices were too high.

    It's based on the theory that you're going to lose money in any investment right now, so if you're going to lose money you might as well get something you need and will use for years in exchange for that loss. Translated, now is the time to buy a car.
     
  16. Run N. Gun

    Run N. Gun Active Member

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    It is definately a buyer's market. No doubt there.

    Those losses hurt everyone, not just the car companies. Oh yeah, gasoline is going back up too. :squint: Didn't the oil companies get a large enough windfall over the last year? :uh:
     

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