Manufacturing

1979 oil shock meant recession for U.S., depression for autos

AS
By:
ARLENA SAWYERS
October 13, 2013 05:00 AM
Big 3 plunge

1979 was bad...

 1979 car sales1978 car salesPct.change 1979 vs. 1978
Toyota507,816441,800+14.9
Datsun472,252338,096+39.7
Honda353,291274,876+28.5
GM4,887,2815,341,700-8.5
Ford2,101,5502,536,738-17.2
Chrysler909,0251,087,987-16.4

... and 1982 was worse.

 1982 car sales1978 car salesPct.change 1982 vs. 1978
Toyota527,158441,800+19.3
Datsun470,246338,096+39.1
Honda365,865274,876+33.1
GM3,515,6605,341,700-34.2
Ford1,345,6982,536,738-47.0
Chrysler793,9301,087,987-27.0

None
FROM THE ARCHIVES

This story originally appeared in 100 Events That Made the Industry, an Automotive News special issue published on June 26, 1996.

Auto sales were off to a rousing start in 1979. Sales of domestic vehicles in the first 10 days of the year were up 23 percent.

Staying current is easy with newsletters delivered straight to your inbox.