Background
Significant Points
GM sales down 53% in Feb to 126,170 cars, light trucks
For Ford, Feb sales fell 48% to 99,050 units
Chrysler did slightly better thanks to incentives: sales were down 44% to 84,050 units
Honda off 38% and Nissan off 37%, at 71,575 units and 54,249 units, respectively
Steep fall worries automakers wondering where the bottom will be
Only Kia, Hyundai, Subaru were able to stay even or make sales gains
Seasonally adjusted annualized sales for cars, light trucks was 9.1M in Feb
That’s down from 9.6M in Jan and from 15.4M in Feb 2008