Sharp decline expected for June sales, Honda likely to see gains
07/01/2008, 11:01 AM
By Drew Johnson
The combination of an economic downturn and $4 gas made May one of the worst sales months for the world’s automakers in recent history. But when June sales numbers are released in just a few hours, May’s results suddenly won’t look so bad.
Several industry analysts have June’s annualized sales results pegged somewhere between 12.5 million units and 14.3 million units. However, 14.3 million is at the extremely high end, with the average prediction at about 13 million units. May’s annualized sales rate was 14.3 million, according to Automotive News.
Moreover, only a handful of automakers are expected to post sales gains for June. Honda and MINI will likely see gains, but industry experts are expecting to see sharp declines for pretty much every other automaker. The Big Three are expected to be the big losers, with sales declines ranging anywhere from 25 to 35 percent. Toyota is also expected to post a sales decline – somewhere in the 5 to 10 percent range – but could possibly post a larger U.S. market share than General Motors.
It also remains possible that Honda could wrestle the number four sales spot away from Chrysler, although the odds are slightly against this scenario.
Overall, the industry is expected to be down by 15 percent.
07/01, 11:14 AM
posted by:
johnnycanuck
Oh goody, sales figures! I have goosebumps on my nether regions!
07/01, 11:15 AM
posted by:
HemiRoadRunner
This is such a joke already, I have some jokes of my own:
What do you call a fish with no eye?
FSH.
What do you call a deer with no eye?
No ideer.
What do you call bears with no ears?
B.
07/01, 11:36 AM
posted by:
mayer_ray_nagin
What do you call HemiRoadRunner with no runner?
….. Hemorrhoid.
.
In a serious note, it’s tough times in the car biz. Even with Honda/crApura there are only a couple models that are selling; something like 2/3s of their models are showing declines – and those are all big ticket stuff, so really on a unit basis they may be up but on a $$ sales basis they are likely down too.
07/01, 11:58 AM
posted by:
olds307
HONDA MAKE MAXIMUM CAR FOR DRIVE FAST AND DANGEROUS MAKE DRIFT ON STREET TOKYO
07/01, 12:30 PM
posted by:
kjohn6812275
I can’t stop laughing… hmmm
07/01, 12:41 PM
posted by:
ktulu
honda: rire place, rite tome
07/01, 2:18 PM
posted by:
hateful83
That’s the thing with companies like honda, right place, right time. They’ve been doing what they’ve always done, having a relatively small fleet with good fuel economy. No V8 for gods sake, what a great position to be in. Others are going to have a hell of a time trying to compensate for gas prices that went from 87cents in ‘98 to the $4 and rising of ‘08. I truely feel bad for the American auto industry, they can’t change fast enough. And say what you will about their “junk” cars, big thirsty trucks, but they sold a few years back, and who could’ve seen this coming.
07/01, 5:09 PM
posted by:
Get Real
I want a Fit.
07/02, 9:13 AM
posted by:
xyunya
^^^If you a well endowed male it should be no problem: females like large sizes.