Subaru sales UP from last year!
Results 1 to 11 of 11

This is a discussion on Subaru sales UP from last year! within the News and Announcements forums, part of the Community - Meet other Enthusiasts category; OMG you know it's a new year if I'm actually posting up good news...well, good for Subaru anyway. Special thanks ...

  1. #1
    Moderating YOU
    before you had your Subaru!
    Verdugo's Avatar
    Join Date
    Jan 2002
    Location
    Sea-Town, WA
    Posts
    13,307
    I Support ClubWRX

    Subaru sales UP from last year!

    OMG you know it's a new year if I'm actually posting up good news...well, good for Subaru anyway. Special thanks to khopswrx07 for PMing me the story...

    "Ford sales fall 32%; VW, Daimler also drop

    Chrissie Thompson
    Automotive News
    January 5, 2009 - 12:51 pm ET


    Ford Motor Co. posted a 32 percent decline in December sales as the U.S. auto industry capped its worst year since the early 1990s.

    Ford's drop was its 23rd in the past 24 months. The Volkswagen brand was down 14.4 percent, and Daimler AG plunged 23.5 percent. Subaru of America, the only other automaker to report by midday, slipped 7.7 percent.

    Ford's results bolster analysts' forecasts for an industrywide fall of more than one-third. That would be the fourth straight monthly tumble of more than 25 percent, amid the longest U.S. recession since the early 1980s and a national debate over whether the federal government should rescue Chrysler LLC and General Motors.

    "No one wants to buy anything," Jesse Toprak, Edmunds.com's executive director of industry analysis, said in an interview before today's figures were released.

    A December decline would be the 18th for the industry in the past 19 months .

    Lowest sales since 1992

    Analysts forecast that December demand would plunge to a new low for the year, to about 10 million units on a seasonally adjusted basis. The annual sales rate, which dropped to 10.3 million in November, has not fallen below 10 million since August 1982.

    A December sales decline of 35 percent will put total 2008 light-vehicle sales at 13.2 million in the United States, analysts said. That total would be the lowest since 1992. The 2007 total was 16.2 million.

    Sales dropped during the month as President George W. Bush approved $17.4 billion in federal loans on Dec. 19 to GM and Chrysler. The automakers lost their bid to receive the loans from new legislation when the bill died a week earlier in the U.S. Senate.

    Last week, the U.S. Treasury Department also allocated $6 billion to GM's affiliated lender, GMAC Financial Services. That move spurred GM and GMAC to expand auto lending and incentive programs for the last sales days of the month.

    GM and Chrysler will report larger declines than Ford, since Ford did not seek immediate federal aid, said Toprak. Ford, which borrowed more than $23 billion in 2006, still seeks a $9 billion credit line if the economic downturn lasts longer than it expects.

    "If you wanted to buy a new car in December, Ford seemed to be a safer choice than GM and Chrysler," Toprak said.

    The only other time the U.S. auto industry has seen a similar 3 million unit plunge over a single year was during 1974 in the wake of the first oil shock, Ford's chief sales analyst, George Pipas, told reporters Friday, Jan. 2.

    "The sales rates have declined like a lead balloon," Pipas said. "We're not looking for the first quarter to be much different from what we saw in the fourth quarter." Ford's sales for the year dropped 20.7 percent.

    Subaru's 7.7 percent December drop allowed it to finish just ahead of its 2007 total. Through November, Subaru and Daimler were the only two major automakers to be ahead of the previous year's sales pace. Daimler wasn't able to hold on; its Smart and Mercedes brands finished the year down 1.5 percent."
    Armin - ClubWRX Admin/Moderator since 2002
    Senior Editor and Photographer, NWMotiv.com
    Photography Portfolios: ArminAusejo.com | ArminWeddings.com
    President, Project One Car Club
    02 WRX "EVA-00" | 2010 A4, still to be named | 02 M3 "M-Thrizzle" (traded in) | 08 STI "Blaze" (sold)
    djrez4 is a genius | ScoobyDMC #010

  2. Remove Advertisements
    ClubWRX.net
    Advertisements
     

  3. #2
    Registered User 05Wrex's Avatar
    Join Date
    Aug 2007
    Location
    In the middle of a corn field somewhere in Illinois
    Posts
    508
    This really isn't that good of news verdugo the Big 3 are still in deep and could possibly lead to a larger problem later if they do fail.
    OBP 2005 Wrx - Big 16g

  4. #3
    Registered User habitatxskate's Avatar
    Join Date
    Jun 2008
    Posts
    174
    i heard something on the news saying subaru went up, but for a second i didn't believe it

  5. #4
    Registered User wrxnuby's Avatar
    Join Date
    Jan 2009
    Location
    I-90, WA
    Posts
    19
    dang.. I'm glad subaru is still in the game
    -Lightning Red 2009 WRX Wagon-
    -Mod's to come later...-

  6. #5

    Admin - Scooby Hooligan

    Weasel 555's Avatar
    Join Date
    Jul 2002
    Location
    UK,NY,AK,FL
    Posts
    23,129
    I Support ClubWRX
    musta been because of all those hot priced 08 WRX and STI deals !
    ScoobyDMC #000,HawkEyeAlliance#000,Blobeye Syndicate #000, SQC-NY #009, "Dragon Slayer"
    "All We'll Drive"

    I <3 boobies: rallyarmor/keepabreast/mud flaps limited edition

  7. #6
    Banned
    Join Date
    Jan 2009
    Posts
    25
    I'm not surprised...I've seen a lot of Subaru billboards around that makes me want to get another Sti.

  8. #7
    Registered User
    Join Date
    Jan 2009
    Location
    Charlotte, NC
    Posts
    50
    Yup - only Subaru (up .3%) and Mini Cooper (up 42% on the strength of $4 gasoline) had sales increases. And we bought a new Mini and a new Subaru. I caused it.
    '09 WRX Hatch, '08 Mini Clubman, '82 Volvo 242 w/5.0L Ford drivetrain

  9. #8
    Registered User Pavia's Avatar
    Join Date
    Dec 2006
    Location
    Philly/DE area
    Posts
    2,934
    If Subaru sales are up, then why did they pull out of WRC, citing economic reasons?
    06 GTO M6 Quicksilver, SLP 455 Bobcat, LS7 Clutch w/ SS line (RPM tune:373rwhp/373rwtq)
    07 WRX TR M5 Garnet Red Pearl w/ Straight PPGs and Cusco front LSD (Agile tune:307whp/343wtq)

  10. #9
    Hammerdown Mod of Thunder josnroh's Avatar
    Join Date
    Feb 2003
    Location
    oHIo
    Posts
    17,085
    I Support ClubWRX
    Quote Originally Posted by Pavia View Post
    If Subaru sales are up, then why did they pull out of WRC, citing economic reasons?
    Up only.3% plus they got tired of Loeb handing them their @$$.
    Joe/Flyin' Under The Radar
    The Legendary Hammerdown Wagon(sold)
    Bugeye Mafia #337
    2015 Buckeye Boxer WRX Lightning Red[

  11. #10
    Registered User minnSTi's Avatar
    Join Date
    Dec 2008
    Location
    MN
    Posts
    99
    Quote Originally Posted by Michael Yount View Post
    Yup - only Subaru (up .3%) and Mini Cooper (up 42% on the strength of $4 gasoline) had sales increases. And we bought a new Mini and a new Subaru. I caused it.
    What kind of Mini did you get? They are nice cars my brother has one and hes inlove with it. But i would much rather have a subie

  12. #11
    Registered User CooKie_MonSteR's Avatar
    Join Date
    Jul 2009
    Location
    Boston, MA
    Posts
    30
    Quote Originally Posted by Weasel 555 View Post
    musta been because of all those hot priced 08 WRX and STI deals !
    haha lol...

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •