October Sales Results
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October Sales Results
October's dismal auto sales number
Let's be frank: October was a crummy month for U.S. auto sales.
Ford Motor Co. and General Motors both showed big sales losses with big, gas-guzzling vehicles seeing the worst sales results. Light truck sales at GM were down 30%. Ford Expedition sales were down 50.6%. Explorer sales were off 59.4%.
Much of the decline resulted from the end of sales incentives. But high gas prices also hit the market hard. Toyota (TM, news, msgs) alone saw a sales increase -- 5.7%. Ford's sales have fallen in 15 of the last 17 months.
Nissan's sales declined 17% 72,279. Jed Connelly, the company's U.S. sales chief, told Bloomberg News that a "malaise" that started in mid-September "rolled right into October."
"Everything seemed to converge. We had the hurricanes. Gas prices were running amok," he said. "That caused people to go into a bunker mentality."
Moody's Investors Service, in fact, cut its rating on GM again to B1 from BA1, adding the outlook is negative.
October auto sales
Company Oct. 2005 Oct. 2004 % chng.
General Motors 257,623 346,058 -22.69%
DaimlerChrysler 164,814 170,169 0.58%
Ford 199,847 268,474 -22.70%
Toyota 173,086 170,015 5.72%
Nissan 72,279 86,599 -13.33%
From MSN.com
Not a good month, but at least DCX did better than 2004.
Let's be frank: October was a crummy month for U.S. auto sales.
Ford Motor Co. and General Motors both showed big sales losses with big, gas-guzzling vehicles seeing the worst sales results. Light truck sales at GM were down 30%. Ford Expedition sales were down 50.6%. Explorer sales were off 59.4%.
Much of the decline resulted from the end of sales incentives. But high gas prices also hit the market hard. Toyota (TM, news, msgs) alone saw a sales increase -- 5.7%. Ford's sales have fallen in 15 of the last 17 months.
Nissan's sales declined 17% 72,279. Jed Connelly, the company's U.S. sales chief, told Bloomberg News that a "malaise" that started in mid-September "rolled right into October."
"Everything seemed to converge. We had the hurricanes. Gas prices were running amok," he said. "That caused people to go into a bunker mentality."
Moody's Investors Service, in fact, cut its rating on GM again to B1 from BA1, adding the outlook is negative.
October auto sales
Company Oct. 2005 Oct. 2004 % chng.
General Motors 257,623 346,058 -22.69%
DaimlerChrysler 164,814 170,169 0.58%
Ford 199,847 268,474 -22.70%
Toyota 173,086 170,015 5.72%
Nissan 72,279 86,599 -13.33%
From MSN.com
Not a good month, but at least DCX did better than 2004.
