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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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Consumer Reports: Ford, Honda, Toyota Top Choices of Consumers

consumer reportsA recent survey conducted among consumers name Ford, Honda, and Toyota as the top choices for 2008.

Toyota remains the number one choice of buyers for three consecutive years. This was the result after asking 1700 U.S. adults last December.

The perception though was not reflected in the books of Toyota which had a drop in December sales of as much as 36.7%. The US light vehicle sector posted a lost of year over year 35.6%.

In terms of being environment friendly, Toyota still ranks No. 1 while Honda finished second. In terms of value, Honda outclassed the other brands.

The rest of the top 5 brands was a joust between giant car makers Ford, Mercedes-Benz, and Cadillac. Mercedes-Benz landed on the top five for design while Cadillac placed among the best in technology. The two brands also made it to the best in quality topnotch.

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