What Cars Hurt Most by the Recession?
The auto industry has been going through some tough sales forcing General Motors and Chrysler into bankruptcy.
Auto sales year over year are down 35% from last year.
The worlds biggest automaker Toyota lost $5 billion last year and could post similar loses this year.
Experts predict more automakers will be forced into bankrupty giving China and India investors bargains.
Research shows that the next several years are likely to experience some of the biggest shakeouts in the U.S. auto industry since the stock market crash of 1929.
Sales at every major automaker are down this year.
According to J.D. Power & associates research shows below which automakers hurt the most by the recession and are losing the most market share.
Chrysler 1.9% market share
Dodge 5.5% market share
Chevrolet 12.4% market share
Saturn 0.9% market share
Toyota 13.5% market share
Scion 0.5% market share
Suzuki 0.8% market share
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Posted by blogadmin
on Jul 16 2009. Filed under Car Reviews.
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