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November Sales Abysmal Even For Honda, Toyota, VW

12/02/2008 at 09:39pm

November Sales Abysmal Even For Honda, Toyota, VW

On the heels of the New York Times' pronouncement today that, yes, we really are in a recession (how about a nearly nine percent S&P 500 decline in just six-and-a-half hours yesterday), many automakers shared the sobering news of their November '08 sales. Even tight ships like Honda, Toyota, and VW - who should theoretically be profiting in a market skewing towards smaller, more efficient vehicles like the Honda Fit, Toyota Yaris, and VW Jetta TDI - are feeling considerable pain. For November 2008, versus that month one year ago, American Honda sales dropped 31.6 percent. Toyota Motor Sales U.S.A.'s sales slid 33.8 percent, and VW of... Read More