Apr 2nd, 2008 by RJ Menezes
March has been a tough month for automakers selling in the U.S. The economy is the weakest it’s been in years and consumer spending is weakening. Reports out of Detroit are saying there’s been a 12% sales decrease which seems like a small number, but translates to millions of dollars.
Dealerships across the nation were only able to move about 1.3 million cars in March. No brand was spared either. Even the mighty Toyota suffered from last month.
Though many factors are to blame for this drop, the most significant ones are obvious. Credit problems, mortgage troubles, and rising fuel costs around the nation are having an impact on the auto industry as well.
This is good news for those in the market for a new vehicle though as dealers are desperate to move inventory. We are on the cusp of the 09’s coming in and the dealers need the space. Haggle yourself a good price and take advantage of the automakers woes.
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