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November 4, 2008
October Worst Month for Auto Sales in 17 Years
Well at least the granola eating environmentalists are happy. Bloomberg.com reported that, “U.S. auto sales plummeted 32 percent in October to the lowest monthly total since January 1991, led by General Motors Corp.’s 45 percent slide, as reduced access to loans and a weaker economy kept consumers off dealer lots. Ford Motor Co. reported a 30 percent drop in car and light- truck sales from a year earlier and Toyota Motor Corp.’s declined 23 percent. Honda Motor Co.’s slid 25 percent, Nissan Motor Co.’s were down 33 percent and Chrysler LLC’s fell 35 percent.”
Maybe this will finally be the wake up call that Detroit and the rest of the world needs to start creating cars that are efficient when it comes to gasoline consumption or run on alternative fuels.
