Categorized | Hot Sector Spotlight

More Auto Trouble

The Big Three may have huge problems, but the whole auto industry is in trouble right now. Porsche's U.S. sales last month were down 48% from a year ago. Sales of Porsche's Boxster and Cayman models were especially bad. They fell 73%.

Daimler sales dropped 30%, Mazda fell 31% and Hyundai sales in the U.S. fell almost 40% from a year ago.

Boxsters are for the flashy money, Toyotas for average folks, Hyundais are for the economy minded. But the well-to-do really are different. The car of choice for the comfortable set, the BMW, is faring better. Beamer sales only dropped 26.8% in the U.S. last month compared to a year ago.

BMW had other good news–small is definitely in. BMW's Mini (Cooper) sales rose 43% from last year.

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This post was written by:

Lynn Carpenter - who has written 84 investment articles on Investors Daily Edge.




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