As we were all expecting, the auto industry November sales numbers are very, very bad across the board.
You can read all of the gory details on Autoblog. John Neff observes that while much of the media attention lately has been on the woes of the US automakers, all of the foreign automakers are suffering the same huge volume declines. Nissan's sales decline was worse than all but Chrysler's. I'll be interested to see whether or not Congress raises questions later in the week as to why Detroit needs government money, while foreign automakers seem to be able to suffer through this so far.
One tiny bright spot was a sales increase for the Nissan Murano. And Mini continues to defy gravity despite the absolute collapse of gas prices. The important aspect of these numbers to remember as we try to understand them is that they are comparisons to the same time period last year, and thus availability of a certain model this year versus last can contribute to the results, as can limited sales promotions. The aggregate numbers tell the story better than a single model.
How long will these huge sales declines continue? No one seems to have any good read on when a turnaround might be coming.