Web Search powered by YAHOO! SEARCH
06.18.2008 10:17 am

Reports: Chrysler says U.S. auto sales are worse than expected

Chrysler LLC’s chairman on Tuesday told employees auto sales are falling even further than it originally expected for the year, according to media reports.

Bob Nardelli told employees sales could fall to 12.5 million units for the year from 16.6 million in 2007, according to a report in the Detroit Free Press.

Most analysts projected a slow down in 2008 auto sales, but only to about 15.5 million units.

 Nardelli reportedly made no suggestions about what this decline could mean to manufacturing jobs, but Chrysler often ties production to strength of vehicle sales.

1 Star2 Stars3 Stars4 Stars5 Stars (1 votes, average: 5 out of 5)
Loading ... Loading ...
6 comments

Comments are closed.

Duh. You can’t much past that Nardelli.

— flyover
10:57 am June 18th, 2008

Maybe they should give away a bicycle with each new car sold….Something that gets “infinite” mpg.

— Jazzy Jeff
2:18 pm June 18th, 2008

It is very difficult for me to understand why the high paid siuts in Detroit did not see this coming. Gas gusslers have been crashing for months and Japanese competetion have been offering new hih mileage vehicles. Going into advanced research on hydrogen / electric no poluting vehicles and Chrysler is attempting to push hybrids on 5,000 pound behemoths.

Oil prices have been going through the roof for a year and our american industry did not react. In fact when the first oil crisis occured in 1973 and prices started to climb our industry did not react properly and the signs of further deterioration were evident back then and history has shown this to be correct. Thirty years went by and still no action on fuel economy or alternative fuels to make the USA independent of OPEC OIL.

Where is the forsight, the enfineering prowess that we believed was inheren in the industry and Chrysler in particular?

— pkay
6:22 pm June 18th, 2008

Chrysler is all I have bought in the last 20 years. I just found out that they have no value on a trade in anymore.

For instance, I own a 2006 Jeep Commander that listed at 29,000.00. I have owned it for 26 months and it has 41,000 miles on it. Trade in per NADA, Edmunds, etc is 14,000.00. The dealer alledgely called wholesalers who offered 8,000.00. Granted it is an SUV, but 6000.00 difference?

Would I buy a chrysler product again…………No!

— Saidit ordidi
7:36 pm June 18th, 2008

It is not so much that Chryslers have low trade in value, because any SUV does at this point, and especially one that gets under 15 mpg. We recently traded in a Dodge Durango with 51k miles on it, but we had to hold to our guns to get what we wanted. These guys are ridiculous sometimes trying to low-ball people, especially with people in a panic. However, Dodge was offering more than other dealers, but in contrast we had two Scion/Toyota dears differ by two thousand dollars! It’s the dealers, some are better than others. I currently drive an 07 Jeep Patriot that gets between 25 and 28 mpg. The little Scion xD that my wife picked out gets between 29 and 33 mpg. Not a big difference between very different vehicles. I expected a less of the Jeep and more of the Scion.

— David
11:18 am July 2nd, 2008

I really don’t feel too sorry for the workers at the Chrysler Plant in Fenton. There were some workers there, not all, that I personally knew who would milk that company for everything they could. The full pay 2-3 month stress leave was one and he would take it once a year. The not showing up to work on time, clocking in at 5-10 minutes before the first break and get paid for the entire morning as if you started at 7 a.m. I don’t think all the employees did the dishonest acts, but I think a good number did. It sure didn’t help the situation. The UAW should also be applauded for promoting this sort of work ethic in it’s union members. The whole idea of working for a company is that they hire you so you can make a profit for them so that they can in turn give you a job for many years to com. It’s supposed to be a win win situation. If you were to own your own business, would you allow your employees to come in habitually late and come to work whenever they pleased. You would fire the dead weight and rightly so. If your mother didn’t tell you when you were younger that nothing is ever free, well I’m telling you now. Look around at your other co-workers who practice these work ethics, you know who they are and thank them for being part of the reason that you are losing your job.

— Renee
9:15 am July 11th, 2008