Friday, May 01, 2009

Auto Sales at 30 Year Low

I guess people just like to drive their old cars rather then have to buy a new one.

Japan's Toyota Motor Corp posted the largest sales drop at 42 percent among major automakers in the U.S. market, followed by Nissan Motor Co Ltd at 38 percent.

Sales at U.S. automaker Ford Motor Co slid almost 32 percent last month, while sales General Motors Corp, which like Chrysler has been operating under federal supervision, fell 34 percent.

Honda Motor Co's sales were off 25 percent.

I think this may be a case of Japanese cars running too well. It is much easier to keep a Honda or a Toyota running for years then it is an American car. They break down less so it is easier to stretch them out for years instead of buying a new one. Plus I have to say there isn't very much difference between a 2003 Toyota Corolla and a 2009 Toyota Corolla.

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