Is there any other industry, anywhere in the world, where a 2% drop in demand results in a 50% drop in price? How are you supposed to plan for future production in this kind of environment?
SAN FRANCISCO (MarketWatch) -- General Motors Corp on Wednesday reported a 44.7% drop in March U.S. light vehicle sales to 155,334 cars and trucks from 280,713 a year ago.
Using oil industry numbers, a new car purchased for $20,000 in 2008 ought to cost $10,000 in 2009. Using GM's numbers, they ought to pay you $200,000 for the favor of driving it off the lot.
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ebear
