June Auto Sales Were Terrible
Hi everyone. I figured that I'd use this blog post as a running thread and update it throughout the day as manufacturers officially release their sales results for June.
As I mentioned a couple of days ago, (Are the stocks of auto companies pricing in the weak consumer demand that we're experiencing?) everyone in the industry who I have spoken with, from people at the automakers themselves, to dealer groups, on down to the individual dealership level have indicated that June was a terrible month for auto sales.
If I had to make an educated guess at this point, I'd say that sales are going to end up down in the teens on a percentage basis from last month.
Anyhow, I'll post some updates here later. Please feel free to add your own updates or posts about the auto industry if you're so inclined :).