Archive for April, 2009

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GM and Ford Report Biggest Sales Decline

Things are far from getting any better for the major car manufacturers as the auto industry reports its sixth straight month of drop in sales of over 30%.

The figures are tumbling down for the major players in the car industry as the March sales reports come in. The drop in sales were reported by Ford at 42%, GM 44.7%, Chrysler LLC 39.3%, Nissan North America 37.7%, Honda in the US 36.3%, and Toyota USA by as much as 39%.

Experts have predicted a drop in annual sales which will mark a 27-year low. They are foreseeing sales to hit just below the 9 million mark. The uptick in demand may still be seen before the end of 2009.

Economists are seeing some signs of hope as the economic decline may be moderating but still it is a nothing is for sure game. Restructuring of the auto industry will still play a big factor in the next several months.

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