Preview to an Automotive Downfall, Or A Minor Setback?
Chrysler, Ford and General Motors are still having problems selling their cars, trucks and minivans. The Big 3 continue to increase their unsold inventory that are parked outside their dealerships and manufacturing plants. That?s nothing new though. Anyone who watches television or reads the newspaper knows all about the struggling car market in the States.
But what happens when Toyota, the top-selling foreign car company in North America, has been facing the same problem over the past several months?
According to a Wall Street Journal ad printed today, Toyota?s sales numbers were down 10% last month, and have been down seven out of the last nine months. Toyota?s sales have not dropped as far as Chrysler, Ford or GM (19 percent for Chrysler and GM, 14 percent for Ford). However, this news has certainly risen some eyebrows in terms of the how this will affect our already shaky financial situation.
Maybe this is nothing, just a small blimp on the horizon. Maybe it?s the fact that the cocky car company from the Far East is no better selling vehicles than the Americans can. Or could this be the straw that breaks the camel?s back and the financial apocalypse has now begun?
Only thing we can right now is watch and hope for the best.
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