posted on Nov, 2 2005 @ 01:10 AM
Looks like people are voting with their wallets, the big US vehicles are all down in sales, but the Japanese cars are up in sales...
The Big Three US carmakers, General Motors, Ford Motor and DaimlerChrysler, announced huge falls in domestic sales in October after a year of giving
heavy subsidies to keep buyers in showrooms.
While Japanese rivals nearly all produced sales rises in the US market, General Motors posted a 23 percent decline from a year ago to 257,623
vehicles. Ford said its October sales were down 26 percent to 199,847. DaimlerChrysler sales were not as bad, but still fell three percent to 183,163
cars and trucks.
General Motors, the world's biggest automaker, said car sales fell 12 percent and truck sales 30 percent.
Big sports utility vehicles felt a particular backlash from rising gasoline prices, analysts said.
Ford said its car sales fell 11 percent to 67,958 units, while the truck side fell 31 percent to 131,889.