US Auto Sales Slump in 2008

2008 – Year of Ailing Auto Industry

The loss is immense and it would be difficult to come over it. Automobile sales in US in the year 2008 has slumped to level like 16 years. All the major automakers suffered huge losses. Last year the US automakers together reported to have domestic sales below 50% thats is 47.5%. This percentage is the least in the past one and a half decade.

Sales of Automobiles Plummet

All the automakers of US have reported to have downturn in their auto sales ratio. There has been significant low in the sales rate of all the automobiles like cars, trucks, hybrids and any other vehicle. The monthly as well as annual sales figures give a clear idea of the loss in the sales figure. The world's biggest automaker reported 28% in auto sales, Ford Motor Co. reported 22% , Chrysler LLC 30% and Honda Motor Co. by 8%.

Here's a Look at the Sales Percentage of The Automakers

% of Downfall in Sales in December

• GM by 31%
• Chrysler by 53%
• Ford by 32%
• Toyota by 37%
• Honda by 35%
• Jeep Wrangler by 29%
• Jeep Liberty by 27%
• Dodge Nitro to 51%

Downfall in Sales % in Annual Sales in 2008

• General Motors Corp. by 28%
• Chrysler LLC by 30%
• Ford Motor Co. by 22 %
• Toyota Motor Corp. by 15%
• Honda Motor Co. by 8 %
• Jeep Liberty were off 27%
• Jeep Wrangler declined 29%
• Dodge Nitro fell 51%