The time spent by automakers in Wonderland is apparently over. It’s back to the real world for them, particularly the US automakers. So how does one know that the program is indeed over? A chart from Clusterstock:
That’s how. And if you need concrete numbers to back that chart up, here, courtesy of the FT:
GM’s sales dived by 45 per cent from September 2008, an unusually strong month, and by more than a third from August. Chrysler was down 42 per cent.
Toyota reported a 13 per cent drop, while Ford Motor’s sales shrank by a more modest 5 per cent, sustaining its recent market-share gains.