Unavoidable, inevitable, seems like the global petroleum cost rise crisis had taken a toll in the daddy of automotive industry - USA.
All major manufacturers are experiencing a drastic drop in car sales compared to same period, prior year for June 08.
Even Toyota can't evade from the sales slump, posting a shocking -21% below previous financial year, and GM posting a -18% decrease in sales. Chrysler a worrying -36% decrease, (guess the Cerberus dungeon dog's half dead now), Ford a -30% decrease and Mitsubishi, the leader of them all -42% decrease (albeit in small numbers of 5 thousand cars compared to Ford's 70,000 units lesser)
Only a handful of winners posted increase in sales including Hyundai-KIA, Daimler AG, VAG, Honda and Subaru.
We believe this is just a foreview of what's about to engulf the global car industry for the next few years to come.
However, the demand for automobiles for the long run will only increase indefinitely, just a matter of who get's to offer products the market is in demand for.
As for now, they really need some red cross help.
