Collapse of New Car Sales – Mystery????

There are some out there who have said, “The American people have spoken, and they have said they do not like GM, Chrysler and Ford autos.”

It is absolutely more accurate to say, “The American people have spoken, and during the past three months demand for new cars has dropped, like a rock.”

The current run rate of new car purchases calculates to the annual removal from the road of approximately 2 million cars per year.  This is the first time that there has been a net decline in autos on the road in the history of the auto!

America has run out of credit.  America has run out of cash.  America is unemployed.

The 2 million car number is very close to the 1.9 million of newly unemployed workers since the start of the year.

Mystery?

If 1.9 million less people are going to work each day, how many less cars are needed?

Please share your thoughts and comments…..

Advertisements


%d bloggers like this: