[quote=tucker…]not trying to be a d**k but at least this guy has job Security.[/quote]
What makes you think that?
Anyway, I find it interesting when folks tout they should go out and spend and “buy american” when in fact most americans these days should be doing completely the opposite…NOT spend at all. Spending money one doesn’t have (especially with a big purchase like a car, regardless of make or model, is just plain foolish, and one of the reasons why we’re in this economic mess to begin with. And for a majority of americans that live paycheck to paycheck, that’s exactly what they SHOULDNT do.
Second thing is, I also find it interesting that specially wrto cars, China’s car market has outpaced the U.S….AND General Motors (err Government Motors) in asia did extremely well ….So…I just wonder if we start errecting trade barriers WHO will it ultimately hurt…. Of course no one things about it from this angle…We’re too content thinking that the U.S. market is the largest and best..
Trying to exclusively sell cars to a bunch of broke americans probably isn’t a winning strategy for a company’s survival.
Most of the world has been knee deep in a wicked recession for quite a while, and auto sales have been hit especially hard. Here in the U.S., the numbers have been abysmal, as the first half of the year saw only 4.8 million sales through June. China, on the other hand, is running away with the overall sales lead, as the emerging emerged market has added 6.1 million cars and trucks to its still developing roadways. According to The Associated Press, June sales were up 36% over the same period in 2008, and they’re up 17% on the year.
The big winner in the market so far this year appears to be General Motors. The struggling Detroit, MI-based automaker has seen its China sales jump by 38% this year; while its U.S. sales have tanked. Industry analysts are predicting that the overall market for passenger cars in China will be between 10 and 11 million units.
Most experts weren’t expecting China to pass the U.S. in overall sales for another decade, but the crumbling American auto industry has expedited the power shift, at least for the short term. With 1.3 billion people and a healthy economy, this day was destined to come.
