Payday Loans

By 2g1c2 girls 1 cup

The US auto industry sold 860,000 units in June, a disappointing showing for the month when many analysts had expected a rebound.  The sales equal a Seasonally-Adjusted Annual Rate (SAAR) of 9.7 million units.  Many analysts had expected June’s sales to be the first of the year at 10 million SAAR.  Subaru, with a 3.4% increase, was the only manufacturer whose sales were up from last year.  Total industry sales were down 28% from 2008, but that is better than the 35% decline for the whole first half of the year.  June marked the 10th month in a row that total industry sales fell below 1,000,000 units after not having fell below that mark in many years.

One major bright spot was Ford, if you can call an 11% decrease a bright spot.  When the entire industry is down 28%, an 11% decline equals a big market share.  Ford’s share was 18% for the month, up from 15% last year.  It was also Ford’s highest share in more than 3 years, since an 18.2% share in May 2006.  Ford has an impressive lineup these days (as does GM), and they are also benefitting from the recent/current troubles of GM and Chrysler.  There are many out there who prefer a domestic product, for a variety of reasons, but are “uncomfortable” supporting either GM or Chrysler while they are owned by the government.  I disagree with those people, but the point is that they have 1 option – Ford.  As a result, Ford’s sales have outperformed many of the other manufacturers recently, leading them to increase their production schedules to meet the demand.

See the table below for the summary by manufacturer:

Volume Market Share
June, 2009 June, 2008 % Change June, 2009 June, 2008 Change
Aston Martin 95 140 -32% 0.0% 0.0%
BMW 20,879 26,192 -20% 2.4% 2.2% 0.2
Chrysler 68,297 117,457 -42% 7.9% 9.9% (2.0)
Daimler 16,286 22,139 -26% 1.9% 1.9%
Ferrari 105 142 -26% 0.0% 0.0%
Ford 154,873 173,462 -11% 18.0% 14.6% 3.4
General Motors 174,785 262,329 -33% 20.3% 22.1% (1.8)
Honda 100,420 142,539 -30% 11.7% 12.0% (0.3)
Hyundai 64,788 78,325 -17% 7.5% 6.6% 0.9
Isuzu 364 -100% 0.0% 0.0%
Lamborghini 50 62 -19% 0.0% 0.0%
Lotus 150 180 -17% 0.0% 0.0%
Maserati 111 213 -48% 0.0% 0.0%
Mazda 13,729 23,771 -42% 1.6% 2.0% (0.4)
Mitsubishi 4,362 7,494 -42% 0.5% 0.6% (0.1)
Nissan 58,298 75,848 -23% 6.8% 6.4% 0.4
Porsche 902 2,650 -66% 0.1% 0.2% (0.1)
Subaru 18,620 18,007 3% 2.2% 1.5% 0.7
Suzuki 2,149 9,784 -78% 0.2% 0.8% (0.6)
Tata 2,875 3,560 -19% 0.3% 0.3%
Toyota 131,653 193,234 -32% 15.3% 16.2% (0.9)
Volkswagen 26,674 31,626 -16% 3.1% 2.7% 0.4
Total 860,101 1,189,518 -28%


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