Thursday, September 2, 2010

Ford and Toyota Sales Drop;



For the month of August, both Ford and Toyota whose models can be purchased at a Toyota Dealer Lexington, two of the largest automakers in the world and in the United States had decreased sales. Consumers simply did not purchase vehicles for this month like they did last year in August because of the Cash for Clunkers program. This program encouraged buyers to trade in their old and fuel inefficient vehicles for more economical vehicles with large incentives for doing so. Ford Lincoln Mercury Dealer Denver businesses are hoping that the next few months will have increased sales or new incentives by the government.

Although August had decreased sales for 2009, this was almost expected a year after a large incentive program. However, the worst part of the decreased sales for the month of August is that they were below even what industry analysts anticipated for the month. Nissan Dealer New York and certain other dealers have continued to do well in spite of the decreased sales, however it is not known whether this trend will continue for the rest of 2010 or turn around in the month of September.
GM's deliveries fell 25 percent from August of 2009 because of the lack of incentives. However, GM's decrease was expected to be only 19 percent, so the increase of 6 percent was a surprise for auto analysts. The greater than expected decrease is a sign that consumers are simply not buying vehicles because of a lack of faith in the economy or for other reasons. Many millions of Americans are currently unemployed and perhaps there are also those who could previously afford to buy a new vehicle who cannot now. United States sales were the slowest for an August in over 28 years.There were various incentives that were offered but these incentives failed to drive consumers to dealerships.

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