November Auto Sales show worst drop in 26 years

The recession was officially announced in the United States yesterday. But for auto makers, the word has been in full swing for almost all of 2008. And not to sway away from the already-plummeted depths of sales figures, November proved to be the lowest car sales mark in over a quarter of a century when preliminary figures were announced. Comparatively, the figures are 37 percent below last year's numbers. Ouch.

Sales tracker Autodata said that its preliminary total showed industrywide sales at only 746,789 vehicles, the first time sales have been below the 750,000 mark since January 1982.

The seasonally adjusted annual sales rate hit 10.2 million, well off the 16.1 million vehicles sold through all of 2007, which had marked the ninth straight year that sales had been above the 16 million level.

Well, if there's any incentive or silver lining out of this news, it's that the bailout money being asked for at least has some more gumption behind it. Not that they really wanted it that way, but sometimes you have to make lemonade out of lemons.

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November Auto Sales show worst drop in 26 years

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