Maserati May Set All-Time Sales Record In 2008

Believe it or not, Maserati is on track to set an all-time sales record for 2008. We know it's hard to believe, what with products that are criminally gorgeous and an explosion of golden parachutes to pay for them. Sales are up 40% year-over-year, with the bulk coming from the Maserati Quattroporte » 10/08/08 9:40am 10/08/08 9:40am (you know, the one…

Chrysler Reports 32.8% September Sales Decline

Chrysler LLC is reporting September sales declines of 32.8% over the same period a year earlier, with results battered by the same economic forces other automakers are up against. Chrysler Finance also discontinued leasing » 10/01/08 5:15pm 10/01/08 5:15pm at the end of July, marking September as another month Chrysler dealers had to find alternative…

Toyota September Sales Down 32%; Honda Drops 24%

As clear proof that today's recession is an equal-opportunity unemployer, Toyota has posted a September sales decline of 32% from a year earlier — one of the worst results in the company's 50 years of US sales — while Honda sank 24% in the face of the consumer credit crisis. The declines at Toyota and Honda reinforce… » 10/01/08 3:25pm 10/01/08 3:25pm

September Auto Sales To Seriously Suck

Automotive News » 10/01/08 11:20am 10/01/08 11:20am is reporting a bleak day in the making as automakers report their September sales numbers, expected to be off 20% from a year earlier. Shriveling credit markets, continued high fuel prices and a general lack of confidence in the economy are all contributing to push the annualized sales rate down to an…

GM August Sales Down 20.7% From August 2007; Still Best Sales Month In 2008

General Motors » 9/03/08 4:55pm 9/03/08 4:55pm is reporting total August 2008 sales down 20.7% from August 2007; the report had a silver lining, however, as August marked the best month for GM sales in 2008 largely due to the popular sale the automaker has been running since Aug. 20. That sale has since been extended through September 30 and…

Toyota August Sales Down 9.4%, Lexus Off 9.1%

Toyota is reporting total US sales were down 9.4% for August 2008 as compared to the same period a year earlier. Trucks led the decline with a drop of 17.6%, though Toyota cars also declined 3.4%. Bright spots for Toyota included the Yaris subcompact, which was up 20.5%, and, inexplicably, the huge Sequoia SUV, which… » 9/03/08 2:18pm 9/03/08 2:18pm

Ford Reports 26% Sales Decline In August, SUVs Down 53%

Ford is reporting August US sales of its Ford, Lincoln and Mercury brands are down 26% over the same period a year earlier, mainly due to continuing weakness in truck and SUV sales. While trucks are off 39%, the really breathtaking number is the 53% decline in SUV sales — despite the fact that Ford is touting a 17%… » 9/03/08 1:15pm 9/03/08 1:15pm

Toyota Lays Off 800 Contract Workers In Japan

Toyota is laying off 800 contract workers at its Fukuoka plant in southern Japan, the first time it has canceled work contracts before they're complete. The plant currently builds the Lexus RX330 and the Toyota Highlander, which are feeling the effects of the American SUV sales slump. After Toyota's announcement of an » 8/05/08 3:30pm 8/05/08 3:30pm

Report: Fewer Web Shoppers Researching Chrysler Products

Chrysler July sales dropped below the 100,000 unit mark as consumers began to show signs that they've lost confidence in the company, reports Automotive News. While Chrysler's announcement that it would suspend leasing August 1 caused a last-minute flurry of shoppers, more ominous was a report by Complete.com that… » 8/04/08 1:00pm 8/04/08 1:00pm

Ford Issues Most Pathetic Press Release Of All Time, Offers Employee Pricing On All F-Series Trucks

Seriously, this is an actual press release out of Dearborn today. Yes, the same day Ford revealed the Ford F-150 lost the crown of America's best-selling vehicle to the Honda Civic as well as a 16% decline in vehicular sales, the company has issued a release claiming boldly "Ford delivers customers trucks they want… » 6/03/08 7:40pm 6/03/08 7:40pm

Civic Selling Like Flapjacks, Could Outsell Accord For First Time

Holy gas prices, Batman! Automotive News is reporting this morning strong sales of the Honda's gas-sipping Civic were up 14.8% to 111,695 units through the first four months of the year, and appeared to be looking good for May. Although we'll find out what the fifth month had to say when sales numbers are released… » 6/02/08 8:30am 6/02/08 8:30am

Japanese Domestic Sales Slump to 35 Year Low

Good thing the automakers from the land of the rising sun don't rely on the hometown crowd for much of their profits. The BBC is reporting recent figures indicate the continuing decline in Japanese auto sales has reached a 35 year sales low. The trend has been blamed on everything from wage stagnation to high price of… » 1/17/08 2:45pm 1/17/08 2:45pm