USA November Car Sales - OUCH!!!

[Engi-Nir]

Toyota Down 34%;
Lexus down 34.7%
Honda Down 31%;
Acura down 38.9%
Ford Down 31%;
VW Down 19%
Audi Down 25.4%
Hyundai down 40%
BMW down 36.1%

Surprising, I thought GM will be down 80% or something Seriously, how does this happen, they didn't do that bad for all the bankruptcy talk that started in October.

GM down 41%

[aquariaguy]

Who wants to buy a car when the warranty will be null and void in a few months? I guess the non-American car companies should start bitchin and complaining for more money too.

I think I read somewhere that Toyota was actually up in Canada for sales.

[woobie]

Hardly surprising, people who are worried about loosing their job aren't going to be buying new cars.

[SkiD]

You missed Nissan down 42.2% in the states.

Canadian numbers:
Overall: -10%
Acura: -59%
Chrysler: -16%
Ford: +1%
GM: -23%
Honda: -27%
Nissan: +2%
Toyota: 0%

Did Honda have really crappy finance rates or something?

[chrome_dout]

You missed Nissan down 42.2% in the states.

Canadian numbers:
Overall: -10%
Acura: -59%
Chrysler: -16%
Ford: +1%
GM: -23%
Honda: -27%
Nissan: +2%
Toyota: 0%

Did Honda have really crappy finance rates or something?

I think Acura buyers came to their senses and went to Europe - 3 series/C class/A3-4 all are pretty damn nice compared to the gimp offerings from Acura.

[Engi-Nir]

You missed Nissan down 42.2% in the states.

Canadian numbers:
Overall: -10%
Acura: -59%
Chrysler: -16%
Ford: +1%
GM: -23%
Honda: -27%
Nissan: +2%
Toyota: 0%

Did Honda have really crappy finance rates or something?

Besides Accord and Civic, Honda really doesn't have much offerings. Weird last month also sales drop (-25.5%)

Acura is a dying investment from Honda, it has yet to have a positive month over 2yrs now in states.

2008 sales -every month sales decline
2007 sales -10.8%
2006 Sales -3.7%

[BartBandy]

Acura got rid of their volume seller in the Integra/RSX in an attempt to move "upmarket", the RL is a flop (they never intended to sell a lot, but they sold even less), and the new TSX and TL have been roundly panned in reviews and look...weird. The MDX may be their best vehicle right now, and nobody buys SUVs any more.

Acura appears to be a rudderless ship right now.

[Badman]

Acura used to be one of my favorite brands they had a nice lineup before but now its hard to choose which one will be okay(at best)

TSX will still be good as well as the MDX but everything else just went downhill.

[zivan56]

Toyota and Lexus North America stats:
http://pressroom.toyota.com/Releases...T2008120281030

Toyota
Cars: -31.1%
Trucks: -37.4%

Lexus
Cars: -40.0%
Trucks: -26.9%

Where did you guys get your stats?

According to Global:
(in Canada)
Honda: -33%
Toyota: +1.9%
Chrysler: -15%

[blainehamilton]

You know what this means. Lots and lots of new 2008s and 2009s still for sale next fall at huge markdowns from the sticker price...

[dash riprock]

You missed Nissan down 42.2% in the states.

Canadian numbers:
Overall: -10%
Acura: -59%
Chrysler: -16%
Ford: +1%
GM: -23%
Honda: -27%
Nissan: +2%
Toyota: 0%

Did Honda have really crappy finance rates or something?

For more fun look at some individual model sales numbers, Nissan Titan was down 79% as an example. Scarily horrible what is happening in the usa

[dealmeone]

And yet, not surprisingly, CEO bonuses still intact.

Just get rid of tens of thousands of working employees to keep the fat bosses around and their piggy lifestyles protected.

"This little piggy flew to Washington on his jet, this little piggy flew in on his,
The third little piggy flew to Washington on his jet too, and all 3 piggies,
went hee hee hee hee, all the way to the bank!"

[at1212b]

Not that surprising considering that about 1/3 of cars in the past few years had been financed by home equity loans, based on the over inflated value of their houses.

There was also a article regarding even Toyota (amongst Mercedes and other imports - I didn't realize that they got shipped to the West) taking large leases of land near the main shipping port in California where they get shipped from Japan as inventory has been piling up and no place to store it.

Mainly because dealers order months in advance and inventory cannot be adjusted that quickly.

[aquariaguy]

Acura used to be one of my favorite brands they had a nice lineup before but now its hard to choose which one will be okay(at best)

TSX will still be good as well as the MDX but everything else just went downhill.

The RDX is an absolute pleasure to drive.

[T-Man]

Those numbers I believe are because people are not getting approved by the banks. One thing I noticed at least where I work at, is we're still selling volumes, but half the deals, are declined by the banks. So I don't think its people are afraid to buy due to economical uncertainty or whatever, its just the banks are getting tougher on who they approve or decline.