February 4, 2009

Car sales crash in Canada

CARS - In Canada last month General Motors Canada had a 46.6% drop in sales, their lowest level in 20 years. Sales at Chrysler slid 33.7% and Ford sales also dropped 14.2%. Overall car sales in Canada dropped 25.3% in January compared to last year, the worst January sales in Canada since 1988.

Gloomy sales numbers came as a CAW union official suggested GM could close its operations in Oshawa Canada if workers don't accept concessions soon. GM declined to comment. GM is already closing a nearby truck plant in May because of the sharp downturn in demand for pickups in the United States.

Even Honda (down 37.1%), Nissan (down 16.1%), Mazda (down 12.3%) and Toyota (down 2.7%) are feeling the pinch as car sales plummet across the board.

Only Hyundai had a 1% increase.

In the United States, Chrysler's sales plunged 55%; General Motor's 49%; Ford's 40% and Toyota's 32%. American car sales have hit a 27 year low, at 1982 levels.

The problem is that consumers can't get bank financing to buy a car and dealers are turning potential buyers away. The same is happening for leases as companies refuse to lease cars out because they can't get the financing.

In other news the mechanic business is doing well as people are keeping their older cars on the road longer.

No comments:

Post a Comment

Comments containing links will be marked as spam and not approved. We moderate every comment. If you want to advertise on this blog it is $30 per link.

Affordable Website Design & SEO

Looking for a quality professional website designer? Why not go where the smart money is?! Toronto Website Design and Toronto SEO. Get free SEO advice from people who really know the business.

Featured Posts

The Sarcasm Symbol
Ever had some confusion online or with your cellphone when someone fails to catch the sarcasm? Well now with the SarcMark you can ge...
Behold, the Scorpion Hydrogen Supercar
CARS - To the right is the future of supercars... it is a hydrogen supercar called the Scorpion. The Scorpion from Ronn Motors in Texas is t...
Documents show Stephen Harper misusing public funds
CANADA - According to 950+ pages of documents obtained by the Canadian Press under the Access to Information Act the Privy Coun...
Pink's Rosie the Riveter
ENTERTAINMENT - What I like about this video is how it meshes different social movements like feminism, veganism, anti-capitalism...
California's Dustbowl
ENVIRONMENT - The photo on the right is a farm in California that has been put up for sale. Its just one of thousands of farms that are n...
Is Steampunk the New Goth???
GOTHIC - Watch out what you see on the subway late at night because while in 2001 you might have seen some pretty freakish goths, by 20...
Do you have enough Ice Water in your diet?
HEALTH - A Calorie (large C) is a measurement of the amount of energy needed to raise the temperature of a litre of water (1 kg's worth) ...
North Korean timeline towards Inevitable War
POLITICS - The following is timeline of events that have occurred on the Korean Peninsula. 1945 - Japan surrenders to the United States a...
Judgment Day is Tomorrow, so sayeth Cult
RELIGION - According to a cult based in California, Judgement Day is tomorrow (May 21st 2011) and Jesus Christ will return to the Earth a...
Sex in Space Forbidden
SEX/TECHNOLOGY - Sex in outer space is a big no-no according to NASA. Not for professional astronauts at least, but the growing numb...

Popular Posts