Oh man, the car industry really must be in the shitter, because here I am writing about it again and you all know how interesting I find this topic. Interesting or not, today’s industry news frightens the crap out of me and it should cause you to run to the crapper too.
October’s sales have dropped by a whopping 32% over October 2007.
In the last few months, there have been bright spots and here in Canada, there are even a few improvements but south of the border the results are astoundingly poor.
To give you an idea, here are the drops by manufacturer by percentage:
Aston Martin -18.6%
BMW Group -5%
Chrysler LLC -24.5%
General Motors -45.1%
American Honda -25.2%
What more can you say other than Wow. While most of us expect a drop from the traditional domestics, who wouldn’t be surprised to see a 45% drop from The General? Even the new master, Toyota has dropped 23%.
I’ll leave all the gory details for all the other journos who are into that stuff. I just can’t help wondering if the apocalypse is too far away. One thing is for certain, this is not a good indicator for the auto industry, or the economy as a whole.
Pass the toilet paper.
Story via Automotive News (subscription required)