Positive numbers for Ford, Toyota may indicate ending of slump
DETROIT - GM reported its first monthly gain in U.S. sales in almost two years while Toyota and Ford also improved, a sign the auto industry it starting to crawl back from a yearlong slump.
Demand for new cars and crossovers in October fueled better results for General Motors Co. and Detroit rival Ford Motor Co. GM's sales rose 4.7 percent from October 2008, while Ford notched a 3-percent gain. Japanese rival Toyota Motor Corp. said its sales edged up less than a percent.
Less rosy news came from Chrysler Group LLC, whose sales fell 30 percent, though they improved from September.
Automakers had said October would be a test of the strength of the auto market after the volatile effects of the government's Cash for Clunkers program. The industry staggered through a tough September, hurt by the collapse of demand following the clunker rebates that fueled a sales surge over the summer.
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Who cares!
ReplyDeleteI do not believe any of this!
ReplyDeleteI had to buy a new vehicle because my company ended the corporate vehicle program and forced us all to buy late models to qualify for compensation. I know several state agencies have also done this to cut costs.
ReplyDeleteMy next vehicle will be a Ford !
ReplyDeleteWouldnt we all be like to be bailed out? The higher ups, just like the banking and insurance go unchecked, while the working class suffers. They should have to pay back the profit to American consumers
ReplyDeleteI agree with 6:07, 6:10, and 8:02.
ReplyDeleteNever, ever will I buy any auto, or even a toaster, that the U.A.W.T (United Auto Working Thugs) have their filthy hands on!
ReplyDeletehello...cash for clunkers...
ReplyDelete