Sales of automobiles in the US were down 23 percent in September compared to last year, as the government-funded incentive programme “cash-for-clunkers” ended in August. Sales at General Motors and Chrysler, both still struggling after their recent bankruptcies, were down 45 percent and 42 percent respectively. Ford Motor Co. managed to keep sales to five percent below last year’s levels. Hyundai was the only car-maker to increase sales in September: they jumped 27 percent.
Sales of cars in China in September were almost double the sales in the US. Reuters
This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.
News story, GenevaLunch, 2 October 2009.
Filed under: World news
Tags: China car sales, Chrysler, Ford Motor cO., General Motors, Hyundai, September auto sales
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October 3rd, 2009 at 3:19 pm
[...] US automobile sales crash in September Sales of automobiles in the US were down 23 percent in September compared to last year, as the government-funded incentive programme “cash-for-clunkers” ended in August. Sales at General Motors and Chrysler, both still struggling after their recent bankruptcies, were down 45 percent and 42 percent respectively [...]
October 6th, 2009 at 9:56 am
As the latest release of car sales in USA suggests, the current unsustainable oil price topped the gas-powered mobility, on that score, but for “a newcomer” , this fragile recovery world-wide stands more likely to face another great depression.
Recently, vice chairperson of marketing Bob Lutz indicated that nearly 50,000 consumers have registered at GM’s website, indicating a “strong intention” to buy the plug-in hybrid vehicle,while Bob Kruse, GM’s top electric car exec and Chevy Volt pointman, steps down
The auto industry should not forget the bitter lesson from its bankruptcy. Automakers pledged change in direction before people and thereby barely received taxpayer’s cash, but they are still doing nothing. The current “unsustainable” fuel price, which is projected to go even higher, has gone far beyond a hybrid level again , which did not deter the recession.
The auto industry needs to leverage the rebates of cash for clunkers as a stepping stone for a fundamental change as promised, not business as usual. I still think the densely populated countries are consuming such incredible natural resources right now that inefficiency as it is can’t be allowed any more.
Thanks !