As if this needed to be said it seems that Large Trucks are still out of doing junk even though gas prices are way down.
Car sales fell 24.9% to 87,506, but the total included a 42.6% jump in Malibu sales to 17,355 units and an 18.8% increase in Impala sales to 21,148.
Light truck sales fell 25% to 132,524 units and included a 66.1% plunge in demand for the TrailBlazer to 4,087 vehicles and a 34.4% drop in Sierra sales to 12,980.
For the full year 2008, GM sold 3 million vehicles, down 23% from 3.8 million the year before.
It is interesting that the Malibu and Impala seem to be growing by double digits like that. I really like the look of the new Malibu but the new Impala looks super boring and it just reminds me of a 90s Camry.
They also need to shutter that TrailBlazer plant and retool it to build Malibus (if that is possible) because a 66% YoY drop in sales shows you that SUV demand may never return. I mean people would rather buy a truck for hauling and take the gas hit or a sedan for driving and save that gas money. Or if they can afford it they just own both a truck and a sedan at the same time.
I think SUVs are just the car equivalent of McMansions. They are both big pieces of junk that are too expensive and offer little value for their price tags.
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