Industry Report Card: Global Auto Sales Continue To Slide On High Gas Prices And Weak Economic Conditions Sep 08
Standard & Poors, September 2008
Abstract
The sudden deterioration in North American light-vehicle sales that began in mid-April--triggered by high gasoline prices--shows no meaningful signs of abating, even with gas prices backing down recently. Now that countries in Europe are showing signs of weaker economic conditions and lower sales, we expect that pressure on all global automakers will persist through 2008 and probably well into 2009. (Listen to the related podcast titled, "Global Automakers Face Decelerating Growth Down The Road," dated Oct. 21, 2008.) The rising likelihood of weaker auto sales in several countries outside of North America is worrisome, since any spreading of North American market woes could not come at a more inopportune time for the U.S. automakers. A global slowing of auto sales...
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Research Type: Commentary
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- Chrysler Financial Services Americas LLC
- Ford Motor Co.
- Ford Motor Credit Co. LLC
- Ally Financial Inc.
- Motors Liquidation Co. (fka General Motors Corp.)
- PACCAR Inc.
- AB Volvo
- Renault S.A.
- Nissan Motor Co. Ltd.
- Daimler AG
- Navistar International Corp.
- Honda Motor Co. Ltd.
- Toyota Motor Corp.
- Fiat SpA
- Peugeot S.A.
- Volkswagen AG
- BMW AG
- Tata Motors Ltd.
- Hyundai Motor Co.
- Mitsubishi Motors Corp.
- Suzuki Motor Corp.
- Kia Motors Corp.
- Scania (publ.) AB
- MAN SE
- Fuji Heavy Industries Ltd.
- Mazda Motor Corp.
- Chrysler Financial Services Americas LLC
- Chrysler Group LLC
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