September Car Sales Figures Worst in 15 Years
In case you haven't heard enough bad financial news, yesterday's car sales figures elicited comparisons to the dark days just after 9/11.
It was also the first time in 15 years that monthly sales fell below a million units. Only 965,671 vehicles were sold in September, compared with 1.3 million vehicles sold in September a year ago.
A comprehensive sales analysis story in Auto Observer stated, "Last month's sales disaster was indiscriminate: It affected luxury and economy models, big and small, fuel sippers and gas guzzlers, foreign-made and domestic. The U.S. Big three and Toyota suffered mightily as they have for months, but in September even Honda - whose fuel efficient fleet had helped it largely achieve positive sales comparisons this year - saw its sales decline by 20 percent."
Clearly, Americans are in a wait-and-see mode. They are waiting for Wall Street to stop predicting the end of the world, waiting to see if the next president has any answers for us.
In the mean time, if you really need a car, this is a buyer's market -- big time. While credit is tight, there are still avenues for car financing and even some leases that will get you in a new car without breaking the bank.
- Posted by
- Philip Reed October 2, 2008, 8:29 AM
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- Categories:
- Car Buying, Car Loans and Financing
- Technorati Tags:
- Auto sales, Big Three, car buying, incentives, sales figures
i'm ready to buy...
not going to, to much risk, shaky economy, hazy future. Money safer in the bank. Unless the sunfire dies... i'll keep it running.