November Honda Sales Plunge, Too
Even the formerly bullet-proof Japanese automakers are feeling the global auto crunch.
Today, Honda reported that its November U.S. sales were down 31.6 percent compared to November of 2007.
Honda proper was down 26.9 percent; Honda-owned Acura was down 22.2 percent. Honda had one November winner: The Pilot SUV saw sales rise 4.5 percent.
The November scorecard so far:
GM: Down 41.3 percent.
Toyota: Down 34 percent.
Honda: Down 32 percent.
Ford: Down 31 percent.
Chrysler: Still to report.
-- Frank Ahrens
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Frank Ahrens
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December 2, 2008; 3:04 PM ET
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| Tags: Chrysler, Ford, General Motors, Honda, Toyota
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FORGET BAILOUTS; TAX DEDUCTIONS FOR CONSUMERS INSTEAD!
The inventory glut of cars and trucks MUST be cleared before production will increase - J.M. Keynes said this 73 years ago and it is just as true today.
Instead of bailing out F, GM & Chry, Congress should enact now a massive tax deduction for the purchase of cars made in NAFTA. Clear out the inventory and production will increase - Duh!