Top six automakers report 30 to 47 percent sales drop - a 26 year low

US market sales are down to a 26 year low - GM sales fall 40 percent for November, 47 percent for Chrysler

November 2008 automakers sales chart
November 2008 automakers sales chart

Add a Comment

Comments (7)

 Joe_Limon Joe_Limon
oh snap! everyone's in the same boat. Those porsche numbers bring a tear to my eye. Bout time there over valued cars took a 48% loss in sales.
December 3, 2008 3:04 pm
 radmeister radmeister
Yeah they may be down 48%, but the difference is that Porsche can still net a profit at the end of the year even with a 48% drop in sales. They are run completely different than the big 3 which are a quantity seller and have the infrastructure to only net a 7% profit if sales stay above 17mil. Also, this is only US, Porsche and VW still sell well in countries not affected as much by this economic "crysis"
December 3, 2008 4:33 pm
 Joe_Limon Joe_Limon
Well, no duh, if you are able to mark your cars up an average of $28000 of course you are going to come out slightly ahead with reduced material and labour costs.
December 3, 2008 6:48 pm
 lucifa lucifa
i think it's quite amusing that, for all everyone b****es and moans about bangle's styling, bmw still out-sold merc by about 5.5k cars. =)
December 3, 2008 10:54 pm
 JackJack JackJack
I cannot understand a that a company that sells 153000+ cars in a month in one country (with a drop of 41%) cannot make a profit. It doesn't make logical sense? How bad must you manage your assests & Cashflow. I know that the "Big 3" don't offer the best products on the market, but they are still selling fairly large volumes. What are they doing?? This is really shocking. Porsche sell less and 1% THAT'S 1% OF GM'S SALES, yet they make a huge profit and even want to buy VW. How does that work. Is it really the company or the management that needs help from the Government??
December 4, 2008 6:00 am
 joelynn joelynn
have subaru and maserati gone up overall this year? (though maserati has dropped 48% this month)
December 4, 2008 10:42 am
 joelynn joelynn
also I'm surprised how few makers there are in USA compared to Europe... no french companies or FIAT brands or VWs other brands
December 4, 2008 10:46 am