U.S car sales lowest since 1963

U.S car sales lowest since 1963

Various estimates of January 2009 U.S. car sales hover around 660,000 units. According to General Motors executive Mike DiGiovanni, that’s “the lowest January in terms of unit sales since 1963.”

A year ago, in January 2008, there were more than a million cars sold in the U.S. In view this year’s decline, it’s no wonder more cars were sold in China than in the states last month. If GM’s estimates at preliminary numbers holds up it would be the first time ever that China’s car market has outsold America’s, with Chinese sales estimated to be around 790,000 cars for January. The official results will not be known until Chinese sales figures become available.

Various estimates of January 2009 U.S. car sales hover around 660,000 units. According to General Motors executive Mike DiGiovanni, that’s “the lowest January in terms of unit sales since 1963.”

A year ago, in January 2008, there were more than a million cars sold in the U.S. In view this year’s decline, it’s no wonder more cars were sold in China than in the states last month. If GM’s estimates at preliminary numbers holds up it would be the first time ever that China’s car market has outsold America’s, with Chinese sales estimated to be around 790,000 cars for January. The official results will not be known until Chinese sales figures become available.

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