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Sales - USA - October in Deep Freeze
USA - The Car Connection -17 Oct 2005: -- Sales of new cars and trucks have dropped substantially across the board during the first part of October as carmakers reduced incentives for the start of a new model year and consumer confidence declined... The Power Information Network, a division of J.D. Power and Associates, estimated that new-vehicle sales were down 33 percent in the first nine days compared with the same period a year ago, and down 44 percent compared with the first nine days of September... The biggest declines came at General Motors, where sales fell 57 percent and at Ford Motor Co., where sales were down 45 percent. The seven major import automakers, including DaimlerChrysler, Toyota, Nissan, Honda, and Hyundai, also reported sales declines... "The aftermath of the employee pricing programs is having a dramatic impact," said Jeff Schuster, executive director of global forecasting at J.D. Power. "A lot could happen between now and the end of the month, but at this point, we're on track for an October like we haven't seen since the early 1990s."...
posted by Unknown @ 3:52 PM
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