Car Companies Comparing Sales to Last Year’s Success; Looking to Make Changes

With a new CEO entering the office at GM, hopes are high for the car company in the midst of the unfortunate downfall that has been occurring this year, and especially this month as it’s said to be the “worst August in 27 years”. Daniel Akerson enters into the company just as GM has seen a 5% sales increase and they company prepares for the public stock-offering.

In comparison to last year, however, the car industry is a very saddening thing.

This time one year ago, GM had Buick sales that jumped 66%, while Cadillac had an 83% increase. Of course, GM isn’t the only company dealing with a huge downfall, as many car companies are suffering and even facing termination.

Until buyers are able to get serious again about buying, car companies will continue to struggle. Car buyers are also failing to find successful bargains, as companies are incapable of continually making deals with buyers because they have been selling cars at a lower price because the amount of production has been cut. Put simply, the levels of supply and demand have both seen significant shortages.

That being said, if you’re one of the few individuals who are interested in purchasing a car—new or used—I would recommend either holding off until these car companies start offering their stock at lower prices, because they will indeed be forced to soon. If waiting isn’t an option, then I would do some more research to find who is the best selling car company in the midst of the recession. That way, you can possibly still negotiate a deal for a better, lower price.