Monthly U.S. Auto Sales

This is just what I look for when I want to invest in a company: an industry collapsing.

Thanks to Chrysler, GM and the Federal Government.

Monthly Auto Sales

Auto sales continue to crumble worldwide in October:

32% drop in the U.S.

40% drop in Spain

19% drop in Italy

U.S. Sales by car maker:

G.M. 45% drop

Chrysler 35% drop

Nissan 33% drop

Ford 30% drop

Honda 25% drop

Toyota 23% drop

Good Thing for F & GM You Can't Short Their Shares

Monthly auto sales data:

Ford sold 120,788 cars & trucks in September, a 34.7% decline from a year ago. The SUV & van segment dropped by 39%.

GM's sales dropped by 16%, but their average price incentive was $3,972 per vehicle. Sounds like a hefty price to gain market share. They plan on replacing the employee pricing promotion with 6 year 0% loans on 2008 models.

Japanese car makers did not impress either:

Honda: 24% drop
Nissan: 37% drop
Toyota: 32% drop