Toyota, for all of its problems right now–isn’t doing the worst. Even though it is made fun of, daily, by Jon Stewart, Stephen Colbert, Jay Leno, and David Letterman, Toyota is surviving the market. Chrysler Group, however, is turning in the worst numbers of the major car companies.
American consumers have essentially turned their backs on the Chrysler, Dodge and Jeep brands. By some estimates, the once proud member of America’s Big Three automakers fell to No. 7 in February in terms of sales to U.S. consumers.
Chrysler’s sales to consumers have plunged more than 44% so far this year, according to estimates by industry tracker Edmunds.com.
Falling from the “big 3” to number 7 is a long fall for a company that has been around for as long as Chrysler. It seems almost as if their reputation plummeted overnight.
As debt worldwide has continued to climb, it seems that the dollar has made significant gains against other nation’s currencies. The debt crisis in Europe includes Greece’s national bankruptcy and news that Portugal and Spain might follow in their wake.
The dollar index, which tracks the greenback against a trade-weighted basket of six major currencies, rose to 80.517 by the late afternoon in Tokyo from 80.460 in North American trading late Friday.
During Friday’s session, the dollar index touched 80.683, the highest level on a closing basis since July as investors looked to move assets form equities and riskier assets to relatively safer territory in the wake of a drip in U.S. nonfarm payrolls for January.
The insecurity about European debt played out on Asian markets, but effected the western currencies most directly.
For those who decided not to fly anywhere this holiday season: Congratulations on your savings. Airline tickets have risen steeply in order to allow airlines to stay in business. One can expect to pay anywhere from $500 to $1500 to get where you’re going in the United States, a hefty sum, especially in an economy like this.
This particular article confirms locally what national newspapers have been reporting for the last couple of days–people will be attempting to avoid the expenses associated with airfare by taking cars, buses, or trains to wherever they are going.
But unless airline travelers purchased tickets well in advance this year, flights to most destinations around the country are steeper than most remember.
For example, walking into the Grand Junction Regional Airport and buying a ticket from Grand Junction to Denver can set you back $1,000, Airport Manager Rex Tippetts said.
“It’s getting to the point of ticket prices become alarming to us,” he said.