Auto Sales: Light and Dark
11 February 2009
US light vehicle sales in January set a couple of records the automakers could do without: adjusted for selling days, volume dropped 39.4% year on year to 655,226 - a 27-year low and, for the first time ever, below China.
Worse, the January tally signals a seasonally adjusted annualized 9.57m units, US analysts said. That would be the lowest since June 1982 and smaller than 2009 new car sales in China of more than 9.8m units projected by the China Association of Automobile Manufacturers.
China's auto sales could total 790,000 units for January, local pundits say, and that would be well ahead of the 655,000 in the US. This is the first time in history that China has passed the United States in monthly sales.
Editor : Frederick
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