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Bad economy year for America got reflection on auto dealers. Mercedes-Benz, Hyundai, Volkswagen and Smart are reporting about low sales and a big drop comparing to the previous year.
Ford has been losing sales for 10 months in a row already and September was the lowest in this industry year dropping by 34%. “Floor traffic” at dealerships fell by 50% and this is the worst situation since 1986 (the year when these events started to be reported).
The Detroit auto manufacturer hopes F-150 pickup truck can help to raise the sales. Its sell-down is already ahead of schedule and the company hopes the vehicle will keep high number.
All the above mentioned car makers admit the car business in U.S. suffers a big failure, but the economy is not the only problem, many of them think the tightened credit situation makes the sales even worse.
Last year Fiat 500 became the European Car of the Year. An Italian car is a pretty obvious result for an award like this. This year it is a little different.
All the world is interested in miniature fuel-efficient cars and the gas-guzzlers’ makers need to find a good solution for their business to go on.
Since 2004 Formula 1 Grand Prix Races have been held in Shanghai International Circuit, China, but lately the officials have been unhappy with the poor ticket sales and they are speaking about moving to other place.