The Ford F-Series Remains Most Popular In November
The Ford F-Series was able to stay on top of the top 10 best-selling vehicles in the country for November. However, sales proved to be significantly down in practically every vehicle brand in the market.
Chrysler turned out to be the biggest loser this month, with a 47% drop in sales in comparison to November 2007. Next came Nissan, with a 42% drop in sales, and then GM with a 41% drop. Toyota had a decline of 33.9%, and Honda was down 31.6%. Ford rounded out the picture with a drop in sales of 30%.
Practically every make experienced significant drops. Kia and Hyundai were down 37% and 40% respectively, while luxury carmakers Mercedes-Benz and BMW were down 38% and 36% respectively.
The numbers demonstrate that regardless of common beliefs, the poor car market is not just a domestic issue. Germany is experiencing so many problems that their government is considering bailing out the carmakers.
Hopefully, the market will experience an upswing where consumers will go out and purchase new cars. However, for now people are holding on to their current cars and buying used car warranties.