The numbers are in, part deux:
01-09-2009, 05:57 AM
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The numbers are in, part deux:
<ul><li><a href="https://www.audiworld.com/news/09/audi-ag-2008-sales/">Impressive, considering the state of the world's economy...</a></li></ul>
01-09-2009, 09:48 AM
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down only 6% is not so impressive ... did you happen to see Chryslers numbers
Chrysler sales plunge in 2008
n Chrysler, which includes the Chrysler, Dodge and Jeep brands, sold 1,453,122 vehicles for the year, down 30 percent from the 2,076,650 it sold in 2007.
* In December, Chrysler sold only 89,813 vehicles, less than half the 191,423 it sold in the same month of 2007.
* In 2008, Chrysler sold only 398,119 passenger cars, down 25 percent from the 528,625 it sold in 2007. Toyota sold 436,617 mid-size Camry/Solara cars last year, outselling all Chrysler passenger cars combined with a single model.
DETROIT -- Even by the standards of battered automakers, Chrysler is in dire shape. Its sales in December were down a stunning 53 percent, far worse than Ford or General Motors, and analysts say it probably won't survive the year as an independent company -- despite $4 billion in government loans and the possibility of more.
Things were so bad last year that a single Toyota model, the Camry/Solara mid-size car, outsold the entire fleet of Chrysler's passenger cars.
"Basically they're done," said Aaron Bragman, an auto analyst with the consulting company IHS Global Insight in Troy, Mich. "There is no real possibility of turning this thing around as an independent company, in my opinion."
Chrysler spokeswoman Shawn Morgan said she could not provide an immediate comment after requests Tuesday and Wednesday.
U.S. sales of Chrysler, Dodge and Jeep brand vehicles fell 30 percent last year, the worst decline of any major automaker. It lost more market share than any of its peers, down to 11 percent. Analysts say most of Chrysler's products, especially its cars, don't look, feel or drive as well as the competition's.
Chrysler plans to introduce an electric car in 2010, but until then, there are few promising models to boost sales. Many analysts predict that by 2010, Chrysler will be acquired by another automaker or sold in pieces by its majority owner, New York private equity firm Cerberus Capital Management.
Chrysler's chief financial officer has said the company needs $7 billion every 45 days to pay parts suppliers, and analysts question whether the company's meager sales are generating enough cash to make those payments.<ul><li><a href="http://www.reporternews.com/news/2009/jan/07/is-chrysler-a-lost-cause/">http://www.reporternews.com/news/2009/jan/07/is-chrysler-a-lost-cause/</a</li></ul>
n Chrysler, which includes the Chrysler, Dodge and Jeep brands, sold 1,453,122 vehicles for the year, down 30 percent from the 2,076,650 it sold in 2007.
* In December, Chrysler sold only 89,813 vehicles, less than half the 191,423 it sold in the same month of 2007.
* In 2008, Chrysler sold only 398,119 passenger cars, down 25 percent from the 528,625 it sold in 2007. Toyota sold 436,617 mid-size Camry/Solara cars last year, outselling all Chrysler passenger cars combined with a single model.
DETROIT -- Even by the standards of battered automakers, Chrysler is in dire shape. Its sales in December were down a stunning 53 percent, far worse than Ford or General Motors, and analysts say it probably won't survive the year as an independent company -- despite $4 billion in government loans and the possibility of more.
Things were so bad last year that a single Toyota model, the Camry/Solara mid-size car, outsold the entire fleet of Chrysler's passenger cars.
"Basically they're done," said Aaron Bragman, an auto analyst with the consulting company IHS Global Insight in Troy, Mich. "There is no real possibility of turning this thing around as an independent company, in my opinion."
Chrysler spokeswoman Shawn Morgan said she could not provide an immediate comment after requests Tuesday and Wednesday.
U.S. sales of Chrysler, Dodge and Jeep brand vehicles fell 30 percent last year, the worst decline of any major automaker. It lost more market share than any of its peers, down to 11 percent. Analysts say most of Chrysler's products, especially its cars, don't look, feel or drive as well as the competition's.
Chrysler plans to introduce an electric car in 2010, but until then, there are few promising models to boost sales. Many analysts predict that by 2010, Chrysler will be acquired by another automaker or sold in pieces by its majority owner, New York private equity firm Cerberus Capital Management.
Chrysler's chief financial officer has said the company needs $7 billion every 45 days to pay parts suppliers, and analysts question whether the company's meager sales are generating enough cash to make those payments.<ul><li><a href="http://www.reporternews.com/news/2009/jan/07/is-chrysler-a-lost-cause/">http://www.reporternews.com/news/2009/jan/07/is-chrysler-a-lost-cause/</a</li></ul>
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