Bloomberg Offers a Piercing Glimpse Into the Blindingly Obvious: December Car Sales Crash
As if anyone who's been semi-conscious for the past six months couldn't see it coming, Bloomberg predicts December's auto sales numbers will close the year on a sour note. Based on their survey of six industry analysts, they estimate deliveries were down by 5.6 percent at GM, 7.8 percent at Ford and 7.9 percent at Chrysler. They expect smaller declines from the transplants. Americans bought an estimated 16.1 million cars and light trucks last year which is the lowest since 1998. Analysts across the board are predicting an even worse year in 2008. We'll see how far off Bloomberg's stats are when the overall sales figures are released tomorrow. Look out for TTAC's wrap-up on 2007 sales via the specific models we've been tracking.