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Friday, January 9, 2009

December Brings A Relief For Auto Industry

What did the Santa Claus brought for you this Christmas? I have been waiting for him since the previous Christmas, but had not seen him anywhere any time. Not even his presents have reached me.

But Santa was kind enough for Auto Industry.

December was a big relief for sinking Auto industry in the severe recession and crisis. When the big bigger companies of the industry were ready to break, we can just imagine the situation with poor small companies and their investment of non-selling stocks.

When compared with overall year, the numbers were very worst to compare. But December auto sales were better by around 20% compared to the sales in November.

This sends good signs to the industry and brings a big relief to them as they were ready to leave the battle field with a battered fate.

Let’s wish that the New Year brings some more good chances for them to survive at least because I don’t want to sell my new car as an antique piece.

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