Monday, March 3, 2008

Auto Sales Diving Off A Cliff

Recall, a few weeks ago I wrote about the packed car lots in North Carolina, and the fact that nothing was selling.

Well, today via Calculated Risk we see that sales are way off at GM, Ford, and Toyota. Sales at GM were off 12.9% in February.

It will be a while before the Bush administration will admit it, but we are in a recession.

1 comment:

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