Once again, General Motors is announcing that it expects sales to fall in 2009. The automaker is now cutting its 2009 industry-wide forecast for the U.S. to 10.5 million vehicles. GM previously said that it expects sales of about 12 million for the year and that 10.5 million will come as a worst-case scenario. Well, the worst-case scenario is here.
The new revised predictions were announced by CEO Rick Wagoner during an analyst press conference earlier today.
GM Sales fell to 13.2 million in 2008 in the U.S. – that’s down 18 percent from 16.1 million in 2007. Global projections for GM in 2009 are being predicted at 57.5 million units.