The Industry's Leading Source For F&I, Sales And Technology

Top News

Big 3 See Weakest October Sales in Years

October 25, 2005

Consumers’ concerns about high fuel prices and the economy combined with the family-pricing incentive programs offered through the summer have contributed to fewer sales in October for General Motors, Ford Motor Co. and DaimlerChrysler, Reuters reported.

According to reports, Deutsche Bank analyst Rod Lache said GM’s October U.S. sales are down 26 percent compared to the same time last year. Similarly, he said sales at Ford are down 23 percent so far this month and Chrysler’s sales have dropped 13 percent.

The current trend at GM could lead to its lower market share level since 1980. Lache told Reuters that sales aren’t expected to improve much in November, but will likely show improvement in December.

Your Comment

Please note that comments may be moderated. 
Leave this field empty:
Your Name:  
Your Email:  

CLOSE [X]

READ NEXT

Universal Underwriters to Host Compliance Seminar

Universal Underwriters Group will be hosting an informational seminar where industry experts will discuss dealerships' responsibilities under the Gramm-Leach-Bliley Act and the FTC Safeguards Rule, as well as best practices for menu selling and full disclosure.