Use access key #2 to skip to page content.

U.S. Auto Sales = 860,000

Recs

12

July 01, 2009 – Comments (5)

I'm fairly busy today, but I promised that I'd report back with a quick comment about the June's U.S. auto sales.  All things considered, such as the fact that we're in the midst of a terrible recession, June was a solid month for auto sales.  I don't know how to make that wavy equal sign that means about, but I have heard that sales for the month were around 860,000 units. 

I haven't seen what the SAAR is for the month, but the SAAR is a bunch of BS anyhow.  If one was to look at sales on a linear basis, the June sales amount to a pace of slightly over 10 million units per year...right in line with my projected bottom of 9.5 to 10 million units for 2009.  According to everything that I have heard, sales picked up steam as the month went on.  I suspect sales will continue to improve as the year progresses.

Deej

5 Comments – Post Your Own

#1) On July 01, 2009 at 4:22 PM, kfisherprotege (30.42) wrote:

Chrysler, fresh out of bankruptcy graduation, had their had handed to them at -42% last month.  I don't know how much of an impact player they are now, but their viability is highly doubtful.

Report this comment
#2) On July 01, 2009 at 4:40 PM, arisktaker (62.72) wrote:

Chrysler may already be dead, however I wouldn't judge them (on any other brand) on June sales.  Too many things were happening - like lots of GM dealerships loosing their franchises and having to sell the cars on their lots for below cost.  My guess is, after things begin to settle, Chrysler sales will pickup.  The question will be if it is enough for them survive.

Report this comment
#3) On July 01, 2009 at 5:07 PM, Varchild2008 (85.38) wrote:

They will always survive as long as they dial
1-800-FED-CASH.

Report this comment
#4) On July 03, 2009 at 9:40 PM, fmahnke (91.14) wrote:

Encouraging and optismistic as these numbers are.  I see trouble ahead in the immediate  future courtesy of our friends in D.C.

The pending "cash for clunkers" legislation will cause people to wait until they buy.  Wouldn't you ?  If it does pass, timing will be critical in order to keep car sales from falling off a cliff in the short-term.

 

Report this comment
#5) On July 03, 2009 at 9:52 PM, portefeuille (99.51) wrote:

≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈
≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈
≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈
≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈
≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈
≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈
≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈
≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈
≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈
≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈
≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈
≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈≈

-----------------------

(from here)

Report this comment

Featured Broker Partners


Advertisement