However – the plan kind of back-fired on them, as after leasing was discontinued, Chrysler’s market share actually dropped by about 11.3% to 9.2%.  The decline was in part by Chrysler’s very public bankruptcy proceedings and it very lackluster product line, however there is little doubt that this year – Chrysler will be back on track.

It seems that leasing is going to be coming back as well, on September 18th actually, it should be coming back for the general public!

To note, General Motors had the biggest decline among the giant car companies with 53.1 percent, Ford Motor with 49.5 percent decline and Chrysler who slide down 44.0 percent. Toyota sales also sank with 39.8 percent, while Honda and Nissan with 37 percent.

A sad but true fact, US monthly sales still failed to rise, since October 2007, along with the 15-month global economic recession. For three consecutive months, the year-over-year decline was 0.7 percent. As for the month of February, consumer’ confidence decreased due to the impact of the economic recession.

Despite car manufacturers’ efforts to boost their car sales by incentive spending by 15.9 percent, still, the industry suffers decline in sales. Last February, Ford was traumatized with the collapse of its bestseller vehicle, the F-series pick-up, with only 23,614 trucks purchased, a dramatic decrease of 55.1 percent from a year earlier.

General Motors and Chrysler companies are surviving with the $17.4 billion federal loans. They have forwarded their viability plans to the US Treasury Department last month and have made their request for additional funding. A committee of appointees by the President has deliberations on whether General Motors and Chrysler will still be given additional funding or will have to call their initial loans on due.

Meanwhile, Ford had announced that they survived without the help of the government because of enough liquidity.

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In their opinion it will be best if the car giants will be able to get out of the mess without having to use additional borrowed funding.

There are experts who see the $13.4 billion aid to GM as sufficient. Some insiders also informed journalists that the car maker will not be asking for more money beyond the allotted $13.4 billion.

UAW is hoping that the sales this year will not be a million or so lower than the dismal sales output of 13.2 million cars. How the car makers’ money will hold out will really depend on the market this year.

The worst projected sale is rock bottom at 10.2 million units. A lot are asking what will be the next move of everyone if this happens. For now, it remains a guessing game.

To date, the two car makers receive $4 billion each from the Troubled Asset Relief Program. Another $5.4 billion of fund is expected to arrive for GM on January 16. Another $4 billion is set to be released on February.

The car manufacturers are also looking to cut costs amid the global financial crisis where consumers are having a hard time borrowing money or at worst losing their jobs.

The UAW officials are set to sit down with GM, Chrysler, and Ford executives to discuss the best route to take on cutting costs on pays, retiree payments, and healthcare.

GM lost around $75 billion since 2004. Figures for Chrysler reveals loses of $1.08 billion in the first half of 2008.

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