Tuesday, 04 December 2007
The American automobile industry suffers from the real estate crisis and the soaring price of gasoline. As a result, sales of new cars fell by 1.6% in November, with a strong decline for General Motors, which lost 11%. In contrast, Ford has seen its sales growth after a year of decline.
Bad weather on automobile sales in the United States. In November, sales of vehicles fell by 1.6%, or 1.179.143 vehicles sold. Since the beginning of the year, a total of 14,753,592 vehicles against 15,120,876 in the comparable period of 2006, representing a decline of 2.8%.
In the front line in the decline of the American automobile market: a sluggish real estate market and the high cost of gasoline, both of which make us fear a major slowdown in the sector.
The first victim is none other than the number one domestic manufacturers, General Motors, which saw its sales decline by 11% last month, however, after three months of consecutive increases. The manufacturer blamed a request less intense than previous months and a reduction in wholesale sales.
Nothing Works for Chrysler, whose sales fell by 2%. The manufacturer announced expect a year 2008 "hard".
In contrast, its competitor, Ford, has surprised analysts by announcing an increase of 0.4% of its sales in November, the first month of commercial growth after a full year of setbacks.
Similarly, Toyota Motor has also succeeded in posting a slight increase of 0.3%, but sales of high-end Lexus fell by 7% in the month. Competitors Nissan and Honda have done better, with increases of 6.1% and 4.7%, but less well, however, that what analysts were expecting.
A sign of the delicate situation, Ford and GM, which recently entered into agreements to reduce costs with the United Auto Workers (UAW), have reduced their production projects in the first quarter 2008. Ford, which is trying to stabilize its market share, has reduced its planned production of 7% and the closely framed in the light of the general economic slowdown. For GM, the reduction of planned production is 11%.
Decline of U.S. sales of new cars in November, General Motors on the front line
The American automobile industry suffers from the real estate crisis and the soaring price of gasoline. As a result, sales of new cars fell by 1.6% in November, with a strong decline for General Motors, which lost 11%. In contrast, Ford has seen its sales growth after a year of decline.
Bad weather on automobile sales in the United States. In November, sales of vehicles fell by 1.6%, or 1.179.143 vehicles sold. Since the beginning of the year, a total of 14,753,592 vehicles against 15,120,876 in the comparable period of 2006, representing a decline of 2.8%.
In the front line in the decline of the American automobile market: a sluggish real estate market and the high cost of gasoline, both of which make us fear a major slowdown in the sector.
The first victim is none other than the number one domestic manufacturers, General Motors, which saw its sales decline by 11% last month, however, after three months of consecutive increases. The manufacturer blamed a request less intense than previous months and a reduction in wholesale sales.
Nothing Works for Chrysler, whose sales fell by 2%. The manufacturer announced expect a year 2008 "hard".
In contrast, its competitor, Ford, has surprised analysts by announcing an increase of 0.4% of its sales in November, the first month of commercial growth after a full year of setbacks.
Similarly, Toyota Motor has also succeeded in posting a slight increase of 0.3%, but sales of high-end Lexus fell by 7% in the month. Competitors Nissan and Honda have done better, with increases of 6.1% and 4.7%, but less well, however, that what analysts were expecting.
A sign of the delicate situation, Ford and GM, which recently entered into agreements to reduce costs with the United Auto Workers (UAW), have reduced their production projects in the first quarter 2008. Ford, which is trying to stabilize its market share, has reduced its planned production of 7% and the closely framed in the light of the general economic slowdown. For GM, the reduction of planned production is 11%.
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