Forbes.com reports today that GM auto sales are down 45% for September 2009.
Blaming both 'weak consumer confidence AND the conclusion of the government's Cash for Clunkers program'.
As I read the article I wonder how can it be both? If consumer confidence was that weak, how did the sheep in the media and the government claim the CARS program was such a success? Most of us knew CARS was a temporary plug in the bleeding that are US auto sales. Septembers numbers verifies that without a doubt.
Personally, I think the market is getting closer to where it should be, closer to reality. Automakers need to learn to survive making LESS cars. Such a large number of new car buyers have no business stepping foot into a new car showroom to begin with, it sounds like less and less of them are each month which can be a good thing in the long run.
See the article on Forbes.com
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