General Motors has released their sales figures for December and, like Ford, the results are more gloomy news an already devastated auto industry. GM sales declined from 319,837 in December 2007 to 220,030 last month, a drop of 31.2%. That’s a 49 year low for GM. For the entire year of 2008, sales for GM dropped 22.7% compared to 2007, from 3,822,611 units sold to 2,954,819.
The numbers were even worse for Chrysler, which saw sales decline 53.1% from the previous December, from 191,423 to 89,813. For the whole year, Chrysler’s total sales were 1,453,122, down from 2,076,650 from 2007, a drop of 30%.
Nor were American automakers alone. The market for cars of any kind appears to have collapsed over the last few months, with Honda taking a 34.7% drop from December 2007 and 7.9% for the year. Toyota’s sales dropped 36.7% for the month and 15.4% for the year.
Industry wide, sales of cars in the United States went down 35.4% for the month compared to the previous year and 18.6% for the full year, a reduction of nearly 3 million cars sold.