Tuesday, February 3, 2009

The winter freeze American auto sales seen extending decrease


U.S. car sales in January to a minimum of 27 to drop to a decline of 15 months, and the idea of a repository for the weight problem - hit the area in the current quarter will be a burden for the economy has given potential.

Car, USed Car for Sell
Major car manufacturers Tuesday announced sales results for January had been set. General Motors Corp., Toyota Motor Corp., Ford Motor Co. and others by opening the release of the first indicators of -2009 for the U.S. consumer confidence in the state represent a shock.
The authorities and the major car dealers already have January sales for the fourth quarter of 2008, trapped in the grim trend of improvement has shown no indication he warned.

Typically, around 20 percent of all retail sales in the U.S. car sales, 18 percent in 2008, 16-year study of 36 economists by Reuters forecast for 13.2 million UnitslThe left to reduce a rate of 10.2 annual turnover for the month is for one million cars and light trucks.
There are 10.3 million units sold in December car loan market rate and to reduce the intent to kill, despite a sharp discount points are backed up.

New cars, auto executives and analysts in the U.S. and car rental agencies to sell trucks in January, companies maintain their fleets of vehicles in long-term reduction in costs by increasing the voltage sparkly is a great success.
"Retail sales a bit of civilization, or at least stable," Barclay's Capital analyst Brian Johnson to appear in a note to clients Friday said. "Fleet sales, but very sharp decline, the rental companies that are in weak financial position of reason and the fact that the Assembly in the last five to six weeks has been more than idle is the show."

Johnson, a decline that Toyota and Honda Motor Co. said it expected 25 percent and 32 percent of sales in the results from the first year MarketlUnlike between GM and Chrysler LLC, which is fighting the pressure of 10.2 million units in the U.S. since January Auto sales forecasts and a federal inspection under the program at $ 17.4 billion rescue, Toyota and Honda for their survival to worry about the consumer has not been stubborn to change, "said Johnson.
Edmunds.com, a car website, Chrysler January sales fall 48 percent from a year ago has been given. This fall of 30 percent of Ford and GM to a 38 percent drop expected.

David Tompkins, analyst Edmundslcom, but the increased need for many Americans will go to replace the old vehicle as cheap as they begin to buy new cars.

Some car manufacturers, especially Ford, that the sale of a package of economic incentives in the form at the end of 2009, driven by the Obama administration will be good to have the opportunity to hope remains.
But at IHS Global Insight forecasting total sales to 9.7 million units on an annual basis will be released in January. The lowest monthly sales since 1982 represents Milan.

"All the" Obama effect on the sales of light vehicles, "the industry tracking service said in a note Friday." The winter freeze in January, sales of light vehicles in the market will continue."

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