J.D. Power on June Sales: GM -26.2% Ford -31.4%, Chrysler -30.1%
Automotive News [AN] reports that the Wall Street Journal has got a hold of a J.D. Power report on June's sales stats. As you can see above, it ain't pretty. In fact, it's ugly as Hell. If J.D.'s mob are even remotely accurate, the U.S. market is undergoing a contraction violent enough to make a mother of five think twice. "J.D. Power and Associates is predicting the June seasonally adjusted annual sales rate will plunge to 12.5 million vehicles, down from 16.3 million last June. That is far below what other analysts have projected for the month's sales." Especially GM, which predicted (at last count) 14m new vehicle sales for the year. J.D. Power expects Toyota's sales to tank by 6.6 percent. "That would give it a market share of 18.7 percent, near GM's predicted 19.2 percent share." Yes, well, there is no way GM can sustain itself at a 19.2 percent market share of 12.5m vehicles. Chrysler? Again, I reckon their company-wide summer break will be terminal. Meanwhile, the real numbers will be released on Tuesday, and TTAC will be there.
Consider this too (sorry if anyone has already covered this, no time to check). Last June/July GM sales saw a sharp double digit decline (their worst last year I think). Ergo, this makes the year-over numbers look better than they should. Bunter
July 1st will probably be known as "None more black" Tuesday. Perhaps Nigel Tufnel can even announce it.
If there's a "best post of the day" award, brettc deserves it.
ram trucks are worse with fuel. Whatever you think of consumer reports testing, its hard to dispute mileage over the same test loop. Overall city highway: f-150 14 mpg silverado 1500 14 mpg ram 1500 11 mpg. Thats pretty bad. Even if they tie for arguments sake, how does caliber compare to mazda 3, civic? Ever rented a caliber? it will be the first and last time, I guarentee it. Chrysler minivan to odyssey? Sebring to ...that piece of junk has no comparison.My first mopar was a 68 roadrunner. I would love to see chrysler corp survive, I really would but I wont drink the kool aid. They build junk and are going to die because of it. The lowest possible price for supplies = the lowest quality car. Drive by your local dealer and sit in a caliber or pt cruiser, or a sebring. My sons legos are of a higher quality plastic. How many companies have issued an interior redo order on a one year old model? I guess the sebring will be the future answer to a trivia question.