October Sales Land With a Thud
Vehicle sales tanked last month, as U.S. consumers tangled with tighter credit guidelines and heightening economic distress.
Here’s a rundown of automakers’ October year-over-year volume declines:
GM: -45%
Nissan: -33%
Ford: -30%
Mazda: -29%
Honda: -25%
Toyota: -23%
Overall volume fell for the 12th straight month, extending the longest slide in 17 years. Annualized, the sales rate was 11.5 million, compared with 16.1 million in 2007.
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