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As predicted, October’s U.S. light vehicle sales weren’t pretty. A tough economy and severely tightened credit produced a seasonally adjusted annual rate of just 10.56 million sales, the lowest SAAR since February 1983. Combined reported sales numbers missed even September’s anemic levels, coming in at about 838,000 units, 130,000 units less than last month and [...]
The Big Four – Toyota, General Motors, Ford, and Honda – experienced plunging car sales in the United States in October 2008. The once mighty General saw sales fall by 45% compared with October 2007; Toyota, the world’s largest automaker, saw sales fall by 23%; and Ford saw a decline of 32%, with its captive [...]
Ford, the first of the manufacturers to release September sales numbers, reported sales of its domestic brands were down 33.7 percent. Sales at its Volvo subsidiary dropped by more than half, to just 4,054 units. Total Ford Motor Co. sales were down 34.8 percent, well below analysts’ estimates.