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Sales Plummet in June as Automakers Struggle to Adapt to Rapid Market Changes
SUGAR LAND--July 3, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Major automakers -- foreign and domestic alike -- experienced major sales declines in June after struggling to keep up with consumers' rapidly changing purchasing habits from SUVs and pickups to more fuel-efficient vehicles. Chrysler posted the biggest loss, followed by Ford (NYSE:F) (Dearborn, Michigan), Toyota (NYSE:TM) (Torrance, California) and General Motors (NYSE:GM) (Detroit, Michigan). However, Honda (NYSE:HMC) (Torrance) posted a modest 1.1% rise in sales primarily because of the fact that its North American production is based on cars rather than trucks and SUVs.
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Industry Segment: Automotive
Word Count: 738 Words
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