The auto numbers are in for 2007

The automakers announced their 2007 sales figures. The overall US market sales were down 2.4% to 16,100,000 units. Market share and units were down for the “Big Three”, GM, Ford, and Daimler Chrysler, while the three biggest Japanese automakers, Toyota, Honda, and Nissan, had increases in market share and units. The Japanese automakers have steadily gained market share at the expense of the “Big Three” since the mid 1990s. Even when the “Big Three” had gains in units sold in the late 1990s, they were still losing market share.

Toyota is forecasting a record 1.7 trillion yen (about $15 billion USD profit) for 2007. On the flip side, GM posted a record net loss of $39 billion in the 3rd quarter of 2007 (a lot of that was a accounting chargeoff and not a cash expense). Edmunds.com forecasts U.S. sales of about 15.9 million in 2008, down 200,000 from 2007 which would make 2008 the worst year in a decade.


Here are some charts. You can click on the charts to make them bigger.

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