Car Sales Drop in September
Thursday, October 1st, 2009Via The Wall Street Journal Alerts:
General Motors posted a 45% drop in September U.S. light-vehicle sales, while Chrysler’s sales fell 42%. Ford saw a much more modest drop of 5.1%. Among Japanese auto makers, Toyota said its September U.S. sales declined 16% from a year earlier, while Nissan saw its results fall 7% and Honda said its sales slid 23%. The auto industry was hurt by the expiration of the U.S. government’s “cash-for-clunkers” rebate program.
File this under “duh”. And don’t be surprised for some time to come at the repercussions of program.








