Chuck
12-09-2009, 02:10 PM
Since sales were already on a nose dive last November, an improvement over last year is setting a low bar. Guess a better way to view the figures is against pre-recession sales and also if they made a profit.
For Chrysler to do 25% worse than Sept 2008 does not look good for them.
MikeD
12-09-2009, 03:40 PM
Did you mean overall sales or are you limiting to some subgroup? Hybrid car sales were up by 20% from last year, which seems pretty good.
But overall sales are still even. I'd say people are still limiting their biggest purchases. With 10%(U-3) or 20%(U-6) (<- I think I'm getting that right) unemployment rates, people are still very worried about their jobs, if they have them.
Chuck
12-09-2009, 03:51 PM
Mike,
I'm talking overall sales.
JusBringIt
12-09-2009, 07:51 PM
comparison to last years numbers gives a better idea of where we are on the economic curve. Once we hit bottom, we can only stay there for so long. We either die out or get better...and the rapid booming economy will come to life at this point...chrysler on the other hand...really is just on the opposite spectrum.
The issue I have is the fact there is still a lot of money in the Fed Reserve >.>
All these banks still have massive loads of money in the Fed since they paying interest on that cash.
Once the fed or the Market changes... We'll get hyper inflation.