Transportation in the Recession

Transportation in the Recession WHAT IS HAPPENING TO THE AUTO INDUSTRY? Decreased Sales between March 2008 & 2009 1,356,926 General Motors VEHÍCLES SOLD - MARCH 2008 Ford Chrysler Toyota Honda 36.8% drop in sales Nissan Mitsubishi 857,735 VEHICLES SOLD - MARCH 2009 Volkswagen Sinking Automotive Stock Prices January 2008 to March 2009 January 08 January 09 JAN 08 TOYOTA $108 JAN 09 $64 JAN 08 $28 JAN 09 $3 HONDA GM FORD WHAT IS RESPONSIBLE FOR THIS? Auto Loan Approval Rates are Declining 90.3% 85.56% 81.36% 77.42% 67.0% 2007 22.71% 2008 Consumer Confidence is Down THOSE CLAIMING BUSINESS CONDITIONS ARE "BAD" ROSE TO 51.1% THOSE CLAIMING BUSINESS CONDITIONS ARE “GOOD" WENT TO 6.8% CONSUMER CONFIDENCE REACHED AN ALL TIME LOW IN FEBRUARY Financial Instability Increased Unemployment Between March 2008 and 2009 HIGHEST SINCE 1983 Increasing U.S. Retail Gas Prices Per Gallon - All Grades / All Formulations 2008 $3.50 $3.29 2005 $3.00 $2.31 $2.50 2002 $2.00 $1.38 1998 $1.07 $1.50 $1.00 WHAT ARE CONSUMERS DOING TO SAVE MONEY? THE NUMBER OF AMERICANS USING PUBLIC TRANSIT IS AT THE HIGHEST LEVEL IN 52 YEARS LIGHT RAIL COMMUTER RAIL SUBWAY IN 2008 RIDERSHIP ROSE 3.5% 4.7% 8.3% Consumers Buying Smaller Cars CAR SALES UP TRUCK SALES DOWN Honda Fit: Up 73.8% Dodge Durango: Down 38.0% Kia Spectra: Up 41.3% Chevy Tahoe: Down 34.2% Ford Focus: Up 24% Chevy Silverado: Down 23.5% Honda Civic: Up 18.3% Ford F-Series: Down 23.8% Hyundai Elantra: Up 11.1% Ford Explorer: Down 14.8% Innovative Transit TOP 5 BICYCLE COMMUTER CITIES O CITIES WITH REPORTS OF PEOPLE KAYAKING TO WORK O SEATTLE SEATTLE MINNEAPOLIS NEW YORK PORTLAND PITTSBURGH SAN FRANCISCO BALTIMORE TUCSON BILLSHRINK SHRINKAGE IS GOOD SUBPRIME NEAR-PRIME PRIME 8.5%