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http://money.cnn.com/2007/10/02/news...ex.htm?cnn=yes
NEW YORK (CNNMoney.com) -- Overall U.S. auto sales were soft in September, as results ranged from a jump at Honda Motor to falling off a cliff at Ford Motor.
General Motors (Charts, Fortune 500), which weathered a two-day strike by the United Auto Workers union during the month without much of a disruption in sales, saw its overall sales of cars and light trucks edge up 0.3 percent in September. When adjusted for one fewer sales day this year, the company saw its daily sales rate climb 4 percent.
Light trucks, which include pickups, SUV's and so-called crossover vehicles, posted a solid 3.6 percent gain in absolute sales, which equates to nearly an 8 percent rise in its daily sales rate.
Toyota (Charts), which last month moved past Ford Motor to become the No. 2 automaker in terms of U.S. sales, saw its sales fall 4 percent from year ago levels as it posted a narrow decline in its daily sales rate. That result contrasted with Japanese rival Honda Motor (Charts), where sales jumped 9.4 percent.
On the other extreme, Ford Motor (Charts, Fortune 500) saw sales plummet more than 20 percent in September, as the embattled U.S. automaker continues to lose market share.
The company saw sales of light trucks, fall 9 percent, while the sale of car models plunged 38.9 percent. The decline was widespread across its brand, with only Lincoln and Land Rover posting a sales gain.
Even with the decline in sales at Toyota, the Japanese automaker stayed ahead of Ford's weak sales results.
Industry experts said subprime mortgage problems cut into demand for auto sales in September, as some potential buyers put sales on hold due to concerns about the economy and their home values.
"Under the circumstances, I think the industry parred a difficult hole in September, even though it was below trend," said George Pipas, Ford's director of sales analysis, although he conceded that as far as Ford's sales went, "I don't think we were quite up to par."
go GM :banana:
poor ford, i dont know what they are going to do, they keep digging a bigger and bigger hole.
NEW YORK (CNNMoney.com) -- Overall U.S. auto sales were soft in September, as results ranged from a jump at Honda Motor to falling off a cliff at Ford Motor.
General Motors (Charts, Fortune 500), which weathered a two-day strike by the United Auto Workers union during the month without much of a disruption in sales, saw its overall sales of cars and light trucks edge up 0.3 percent in September. When adjusted for one fewer sales day this year, the company saw its daily sales rate climb 4 percent.
Light trucks, which include pickups, SUV's and so-called crossover vehicles, posted a solid 3.6 percent gain in absolute sales, which equates to nearly an 8 percent rise in its daily sales rate.
Toyota (Charts), which last month moved past Ford Motor to become the No. 2 automaker in terms of U.S. sales, saw its sales fall 4 percent from year ago levels as it posted a narrow decline in its daily sales rate. That result contrasted with Japanese rival Honda Motor (Charts), where sales jumped 9.4 percent.
On the other extreme, Ford Motor (Charts, Fortune 500) saw sales plummet more than 20 percent in September, as the embattled U.S. automaker continues to lose market share.
The company saw sales of light trucks, fall 9 percent, while the sale of car models plunged 38.9 percent. The decline was widespread across its brand, with only Lincoln and Land Rover posting a sales gain.
Even with the decline in sales at Toyota, the Japanese automaker stayed ahead of Ford's weak sales results.
Industry experts said subprime mortgage problems cut into demand for auto sales in September, as some potential buyers put sales on hold due to concerns about the economy and their home values.
"Under the circumstances, I think the industry parred a difficult hole in September, even though it was below trend," said George Pipas, Ford's director of sales analysis, although he conceded that as far as Ford's sales went, "I don't think we were quite up to par."
go GM :banana:
poor ford, i dont know what they are going to do, they keep digging a bigger and bigger hole.
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