Tuesday, January 08, 2008

In case you hadn't noticed already...

Got the following info from the L&MT Report. I think the drop at Ford is the most disturbing, considering that their light trucks have been where they make the most profit.

GM, Ford, Toyota December Sales Fall

General Motors Corp., Ford Motor Co. and Toyota Motor Corp. said U.S. auto sales fell in December, capping the worst year in a decade, and predicted that 2008 probably won't be any better, Bloomberg News reported.

GM's sales of cars and light trucks dropped 4.4% from a year earlier. Ford's total tumbled 9.2%, while Toyota's fell 1.7%, Bloomberg said. Toyota moved up to second in annual sales, pushing Ford from the spot it had held since 1931.

Ford said it expects a "challenging" U.S. economy in 2008, and Toyota cut its annual sales-growth forecast, after Americans bought 16.1 million cars and light trucks last year, the least since 1998, Bloomberg reported. GM Chief Executive Officer Rick Wagoner said the U.S. economy may be a "risk" to auto sales this year.

For December, Asian automakers' share of the U.S. market rose to 41.3% from 40.4% a year earlier, according to data compiled by Bloomberg.

Sales of Ford's F-Series large pickups, the best-selling U.S. vehicles, slid 22% last month and 13% for the year, Bloomberg said. L&MT