Fact #546: November 24, 2008
Automotive Sales Down in all Major World Markets for the Third Quarter of 2008
All major world markets experienced a drop in light vehicle sales for the third quarter of 2008 with the United States leading that decline ( -18%). Sales for the previous three quarters were largely negative except for China which experienced a positive growth in sales until the third quarter of 2008.
Percent Change in Light Vehicle Sales, Fourth Quarter, 2007- Third Quarter, 2008
Supporting Information
| Country | China | Japan | Western Europe | United States |
|---|---|---|---|---|
| 4th Qtr 2007 | 19% | -2% | 2% | -1% |
| 1st Qtr 2008 | 19% | -1% | -3% | -8% |
| 2nd Qtr 2008 | 9% | -1% | -3% | -12% |
| 3rd Qtr 2008 | -3% | -2% | -10% | -18% |
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Source: Schmidt's Auto Publications, Automotive Newsletter, November 3, 2008. | ||||