Tuesday, March 17, 2009
Kotz / The Economy More Genius From the Big 3 Automakers
Posted by Pete Kotz on Tue, Mar 17, 2009 at 5:47 AM
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Since you now own a piece of Detroit due to your generosity with the auto bailout, you may wish to know how your investment is doing. Compared to this time last year, U.S.-brand car sales are down a whopping 48 percent. Foreign sales are down about 25 percent. 
But as Forbes notes, some models are still selling well. The magazine has identified 15 that are either holding steady or seeing rising sales. The bad part: Only two of them are American-made.
The Mercury Sable has seen an increase of 35 percent, a nice score for Ford in the mid-sized category dominated by the Toyota Camry and the Honda Accord. And Saturn, the GM division that put Tennessee automaking on the map, is witnessing a 30 percent increase with its Astra.
But here's the other downside: GM plans to kill the Saturn brand altogether by 2011.
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