October was a mixed bag in regards to car sales, with Chrysler, Ford and Honda experiencing decreases while General Motors, Nissan and Toyota realized sales increases.
GM, up for the third consecutive month, saw a sales increase of 3 percent. "Our strong market share performance and our ability to outpace industry trends on volume demonstrates the consumer acceptance of our new products," said Mark LaNeve, GM North America vice president, Vehicle Sales, Service and Marketing.
Nissan reported a sales increase of 8.8 percent, reaching 84,947.
Toyota’s sales increased 0.5 percent, reaching a best-ever October of 197,592 units. Toyota’s hybrid sales were up as well, 25 percent over the same month last year.
Chrysler’s 9-percent sales drop was attributed to the continued problems in the housing market. “Growing concerns about the housing slump are showing up in consumers’ expectations about future economic conditions as auto sales for the month of October continue below trend levels,” said Darryl Jackson, vice president of U.S. Sales.
Although overall sales for Ford were down almost 10 percent, crossover sales continued to increase, up 145 percent compared to last October.
Honda reported another record month, with sales reaching 114,799. The results came despite a 0.2 decrease because October had one more selling day than last year.
The October 2007 sales reports for the above mentioned companies are as follows:
Chrysler LLC reported U.S. sales for October 2007 of 145,316 units; down 9 percent from October 2006 when the company sold 159,586 units.
The Jeep brand sales were down 21 percent vs. last year, while Jeep Wrangler and Wrangler Unlimited posted 8-percent gains over October 2006.
Dodge brand sales increased 18 percent over last year.
Demand continues to grow for Ford Motor Company's all-new, redesigned crossover vehicles, but overall sales declined in October.
Total October sales were 195,462, down 9.5 percent from the same period last year. Combined sales of Ford, Lincoln and Mercury crossover vehicles were up 145 percent in October compared with a year ago.
GM dealers in the United States delivered 310,008 vehicles in October, bringing sales up 3 percent.
Sales were led by brisk retail sales of full-size utilities, mid-utility crossovers, the Cadillac CTS and the Chevrolet Aveo, Cobalt and HHR, according to the company press release.
American Honda Motor Co. Inc. posted record October sales of 114,799 Honda and Acura vehicles, despite a 0.2-percent decrease on a daily-selling-rate basis. American Honda’s year-to-date sales totaled 1,308,319, up 2.5 percent on a daily-selling-rate basis.
Honda Division posted record October sales as well, with 101,913 units sold — a 3.4-percent increase vs. last year.
Nissan North America Inc. reported sales of 84,947 units in October, up 8.8 percent from the same period last year. Nissan Division sales increased by 9.8 percent over last year, reaching 74,992 units.
Toyota Motor Sales USA Inc. reported October sales of 197,592 vehicles, an increase of 0.5 percent from October 2006.
The Toyota Division posted its best-ever October with 172,473 vehicles sold, up 0.5 percent from last October. The Lexus Division also reported its best-ever October with 25,119 units sold — an increase of 0.6 percent.