Americans are turning away from Chrysler and GM more than they are turning to Ford

This is good for Ford as a company but by no means bullish for America.

Ford is still losing sales and will have to lay off more people until car sales turn around. GM and Chrysler may have to lay off more but, Ford is not gaining sales, just losing them at a slower rate than others.

We have lost so many sales that China is now ahead of us in car sales. Considering how many in China are still at a poverty level, that says a lot about how far we have fallen. The consumer can’t afford more debt in way too many cases for all the car companies we have if they don’t shut down more plants and reduce models. This is not a few months or year trend. This change in consumption will be with us for a decade or more if history is any indication of how long it takes debt to be brought under control with consumers.

However, we will hit a bottom in sales at some point. The problem is that bottom will not only be with us for a long time but, we will still have more car companies (or plants) than we need.

Jan

Related Posts:

• Ford will be next for the following reasons:
• GM bankrupt is going to be felt by the whole population.
• More good news for the market to ignore….
• This recession is far from over! We’re just lucky that it did not turn in to a full depression.
• No question, we are in much worse shape than the US was in 1929.

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