Wednesday, October 1, 2008

Ford Sales drop 35%

Ford sales dropped 35% despite customer incentives.  WOW!  35% drop.  As credit crunch spreads, this is going to effect more people. 

"Consumers and businesses are in a very fragile place," Ford marketing executive Jim Farley said in the company's press release. "An already weak economy compounded by very tight credit conditions has created an atmosphere of caution."......

"February 1993 was the last time that fewer than one million new vehicles were sold in a month, and we're coming remarkably close to that volume again," said Jesse Toprak, executive director of industry analysis at He added that October sales traditionally are worse than September.

It's going to get even worse next month!

GM's sales fell only 16%.


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