U.S. consumers weren't buying many vehicles last month, as the major automakers saw big year-over-year declines in car and truck sales.
General Motors (GM) said Monday that it sold 170,585 vehicles in October, 45% lower than a year ago. Truck sales of 97,119 were down 51%, and car sales dropped 34% to 73,466.
Ford (F) said its sales slumped 30.2% from the same month a year ago to 132,838 vehicles. In October 2007, the company sold 190,195 cars and trucks.
Truck sales fell 30.3% to 88,267 units, and Ford, Lincoln and Mercury car sales slid nearly 27% to 40,854.At Toyota (TM) light-vehicle sales decreased more than 20% to 152,101.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV