Daily Podcast: Carmageddon is Upon Us

by Justin Berkowitz

October 1st, 2008 4:19 PM

Well we all knew it was coming. Were auto sales going to be great in the month where Lehman Brothers went into C11, Merrill Lynch had to be bought out, the taxpayers rescued AIG, and the government started voting on $1.3 trillion in spending and bailouts? Uh, no. But that didn’t soften the blow. How could it? Sales are awful for all the manufacturers, even the bright spots are dim. What does it all mean? It means the end of the era. But hey, Lamborghini has a new concept car. That makes everything okay, doesn’t it?

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4 of 7 comments

BlueBrat on Oct 01, 2008

I'm telling you guys, you need a run of correct auto pronunciations on one of your podcasts. The german makes especially! And where have I heard this "their european makes are so much better than what we have in the states" line before? Will that ever go away? :)

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JJ on Oct 02, 2008

Harakiri?

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GS650G on Oct 02, 2008
The drop in car sales almost mirrors the percentage of American who either no longer can get a car loan without a sizable down payment or are no longer able to take on more credit. Maybe that is a good thing. With the ability to buy a car sans money there is less pressure to cut prices. Too many games are played with the price at haggle time. Just like college tuition and healthcare, if there is credit and easy money then why not raise the price?

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Mud on Oct 02, 2008

Ya, but hey, they got the $25B right? That should fix everything.

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