When buying a car? Global Realities

Car sales in 2009, a catastrophic decline, foreign experts are unanimous. According to Jeff Schuster, executive director of authoritative consulting company JD Power and Associates, if in 2008 the global automotive industry is experiencing recession, the 2009 global market is waiting for this collapse. General Motors shares fell by 31% (the lowest level in 50 years of the last century), shares of Ford fell 21%, reported news agencies. Recall that last week a member of the Board of Directors of Skoda Auto, Fred Kappler said the company plans to stop the factory in Mlada Boleslav in the last week of October because of declining demand for new cars. Thus the company will reduce production by 13 thousand units. Although Skoda previously reported to an increase in global vehicle sales for the first six months of 2008 by 18%. Western experts have called is not too encouraging car market figures: sales of passenger cars in Europe in July 2008 decreased by 7,3% compared with the corresponding period last year. For example, sales of Volkswagen fell by 4,7%, the group PSA Peugeot Citroen - by 9,1%, concern Ford - on 8,2%, General Motors shares on 12,7%, Renault - on 8,5 %, Toyota Group - on 12,9%, Honda - by 19,2%.