Posted in Auto Sales on Apr 14th, 2008
Or are they? The Commerce Department’s March Retail Sales Report, released this morning, indicate a 0.2 percent rise in vehicle and auto parts during March. However, General Motors, Ford and Chrysler all reported double digit plunges in March sales compared with March 07. These numbers get tricky depending on what numbers are included and what […]
Posted in Auto Sales on Apr 2nd, 2008
The number of American’s that are more than two car loan payments behind is at a 10 year high. Increased pressures on the consumer to meet other rising financial obligations have taken a toll and forced many of them to prioritize what they pay and when they pay it based on their own personal cash […]
Posted in Auto Sales on Apr 1st, 2008
Today is April Fools Day, yet nobody in the auto industry seems to be taking the March 2008 sales number published earlier in the day lightly. In fact, March 2008 was the worst sales month in the past year for Automakers, and there seems to be little optimism that this downward spiral over the past […]
Posted in Auto Sales on Mar 28th, 2008
The AP reports that Auto Sales in March are likely to drop again. This could be good news if you are actually in the market for a new or used vehicle. Its the end of the first quarter (a brutal sales quarter for the auto industry). Could the time be any better to negotiate a […]
Posted in Auto Sales, Fuel Savings, Gas Prices on Mar 13th, 2008
Interesting number in this morning’s Retail Sales Report from February. The headline number was -.6% and the core number, that is, ex autos, was -.2%. Autos continued their slide, declining 2.2% in February. But sales at gas stations were down 1.0%. As explained by CNBC’s chief ecomonist, Steve Leisman, other corroborating data give rise to […]