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alstry (36.54)

US AUTO SALES CRASHING!!!

Recs

13

August 03, 2009 – Comments (7)

GM U.S. July sales drop 19.4% to 189,443 units

Chrysler U.S. July sales fall 9% to 88,900 units

Ford U.S. July sales rise 2.3% to 165,279 vehicles

It appears U.S. auto makers sold over 40,000 fewer cars in July compared to last year.....and that is AFTER the government stimulous......and some people still call this a recession with tax revenue declines matching the trough of The Great Depression in 1932?

Somebody is lying folks.......

If we do not restructure debt....more and more Americans will run out of money, our businesses will close, and our economy will shut down as we subsidize the banks and watch the bankers take their bonuses and laugh all the way to Asia.

7 Comments – Post Your Own

#1) On August 03, 2009 at 2:24 PM, alstry (36.54) wrote:

And it doesn't appear there are going to be many jobs available to support buying a car in upcoming months....

Report: 560,000 fewer online job ads posted- AP

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#2) On August 03, 2009 at 2:36 PM, ChannelDunlap (< 20) wrote:

Ford did well though.  Perhaps the best argument against "socialism" that I've heard in a while.

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#3) On August 03, 2009 at 2:54 PM, alstry (36.54) wrote:

You think these people are going to be buying cars with few jobs available?

DETROIT (Reuters) - More than 6,000 General Motors Co workers took buyout offers in the company's first month after emerging from bankruptcy, and it plans to cut its hourly workforce by another 7,500 through the end of 2009.

How about the millions of city, county, state, and postal workers who are likely to suffer massive wage cuts or losing their jobs over the next year?

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#4) On August 03, 2009 at 2:57 PM, TicoHombre (< 20) wrote:

 

DUDE.  GIVE IT UP, MAN!!!!!!!!!!!!

 

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#5) On August 03, 2009 at 3:14 PM, IBDvalueinvestin (99.62) wrote:

"wildly popular" economic boost.

August 3, 2009 –  | RELATED TICKERS: LAD, F, KMX

Auto sales about to Surge in 3rd & 4th qtrs while Alstry is still screaming old news about the past US auto sales that crashed. Look at what stocks like LAD , F or KMX are doing today on projected 3rd & 4th qtr  car sales.

 http://news.yahoo.com/s/ap/us_cash_for_clunkers

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#6) On August 03, 2009 at 3:19 PM, alstry (36.54) wrote:

Porsche U.S. July sales down 51.6% to 1,544 units

Nissan N.A. July sales down 24.6% to 71,847 units

Treasury expects to borrow $406 bln this quarter

Some things just speak for themselves.

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#7) On August 03, 2009 at 4:10 PM, alstry (36.54) wrote:

Sales keep skyrocketing!!!!

Forest Oil Q2 rev $182.1 mln vs $516.4 mln

At rate, America's GDP will be down 30% by next year;)

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