The One Silver Lining For Detroit Car Makers (Or At Least Ford)
So at least the big 3 in Detroit can comfort themselves with the knowledge that the big three Japanese car makers are starting to suffer too......
That shouldn't be too big of a comfort though considering that first of all GM and Chrysler still lost market share and secondly because while the relative decline is decelerating the absolute decline is accelerating and because thirdly the Japanese are still profitable unlike the Detroit car makers.
Well worth noting is also that the seasonally adjusted annual rate of car sales fell to a 26-year low of 10.18 million. And that's very bad considering how deep the 1982 recession was and considering that the total population has grown by about a third since then.