Non-Bailed Out Auto Company Posts 33% Sales Increase, Bailed Out Companies Post Declines
Which is a comparison made all the more interesting when you consider that, despite Obama’s promises to the contrary, the federal government is very much involved in the day-to-day operation of the bailed out auto companies.
Ford Motor Co. posted a 33% rise in December U.S. light-vehicle sales, ending a stellar year for the auto maker compared with its rivals. Ford recorded its first full-year market-share gain since 1995.
Meanwhile, Chrysler Group LLC posted a 3.7% decline compared with a year earlier and said its full-year sales were the worst the auto maker had seen in 47 years.
The moral of the story? Government shouldn’t be running businesses.
On a related note, I wonder how much of Ford’s sales boost was driven by the fact that the company isn’t on the government dole? I think there’s a lot of resentment among Americans over the bailouts of Chrysler and General Motors, and a lot of anger over the fact that it was pretty obviously just a move to prop up union jobs, and maybe that’s being reflected in the choices of Americans when they’re buying cars.
Also, remember that Ford is still heavily invested in the sort of SUV’s and light trucks that Americans prefer to buy as opposed to Chrysler and GM which are emphasizing the hybrids and small cars that Congress wants America to buy.



