March 2009 Auto Sales Figures
The March 2009 Auto Sales Figures are out and although today is April 1, the numbers are no April Fool’s Day joke. The trend of double-digit decline has continued but there are some beacons of hope sprinkled in with the bad news.
Domestic Automakers:
General Motors’ sales were 44.7% lower in March 2009 than in March 2008. This is better than the 53.1% decline the company saw in February 2009. GM’s sales are down 48.8% year-to-date.
Chrysler’s sales were down 39.3% in March 2009. Although this is a huge decline, it is better than what was posted in February 2009 and Chrysler sold more than 100,000 units for the first time since September 2008.
Ford Motor Company posted a 42.1% decline in sales in March 2009, an improvement over the 49.5% decline in February. In Ford’s press release, they announced that they have increased their retail share for the second quarter in a row. Ford is doing the best, financially, of the Detroit 3 and has not accepted any federal bailout funds.
Imports:
The three largest Japanese automakers all experienced similar declines in sales when compared to February 2009. Toyota’s sales were down by 39%, American Honda saw a 36.3% change, and Nissan’s sales dropped 37.7%.
The numbers aren’t surprising and I think perhaps a little better than I expected. Check back tomorrow for an update on the March 2009 hybrid sales figures.
Note: The figures used in this report were taken from the Automotive News table but additional information was obtained directly from the individual auto manufacturers’ press releases.
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[...] automakers announced their March 2009 sales figures and the numbers were down significantly when compared to March 2008. However, the numbers weren’t [...]
[...] Chrysler LLC sold 76,682 units in April 2009, which is a 48.1% decline over April 2008. The constant news about Chrysler needing to forge a deal with Fiat to survive obviously came into play here as Chrysler’s sales were only down 39.3% in March 2009. [...]