Auto Sales for Sept. Look Weak as Automakers Missing Cash for Clunkers
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Auto and truck sales for the month of September were issued today, showing that automakers are missing the temporary boost provided by the Cash for Clunkers program last month.
- GM - saw sales plummet about 45% from the same period last year. Total autos sold came in at 156,673.
- Toyota (NYSE: TM) - reported an adjusted 16.1% drop in sales, or 13% on an unadjusted basis. Total units for the month came in at 126,015.
- Ford (NYSE: F) - sales fell from 120,355 last year to 114,241 this year, a relatively modest 5.1% decline.
- Honda (NYSE: HMC) - sales fell 23.3% during the month, with total units coming in at 77,229.
- Chrysler - reported a 42% drop in auto sales. The total number of units sold was 62,197. On a positive note, however, Chrysler announced that its U.S. market share rose during the month.
- Nissan - last month, total sales in the U.S. fell 7% to 55,393.
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