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General Motors Co. and Ford Motor Co. led the way, posting increases compared with October 2008, when sales were depressed by the financial crisis on Wall Street.
Chrysler Group LLC, which has struggled to jump-start sales since exiting bankruptcy reorganization, saw its sales fall 30% in the month. Sales were flat at Toyota Motor Corp. and Honda Motor Co.
Auto makers sold 838,052 new cars and light trucks, according to Autodata Corp. That's just 104 fewer than in October 2008, but up 12% from the previous month, when September's sales plunged following the end of the U.S. government's "cash for clunkers" rebate program.
DEARBORN, Mich. -- Ford Motor Co. said Tuesday its October sales rose 3 percent as the popular F-Series pickup truck helped the company boost its estimated market share to more than 15 percent.
BY THE NUMBERS: Sales of Ford, Lincoln and Mercury vehicles climbed to 132,483 vehicles sold last month. U.S. sales of vehicles produced by Swedish carmaker Volvo, which Ford owns, climbed 19.4 percent to 4,437.
Year to date, sales of Ford, Lincoln and Mercury vehicles fell 20.4 percent to 1.66 million vehicles, while Volvo sales declined 19.7 percent to 51,166 vehicles.
Clunker' data show pickup-for-pickup trades
The single most common swap — which occurred more than 8,200 times — involved Ford F150 pickup owners who took advantage of a government rebate to trade their old trucks for new Ford F150s. They were 17 times more likely to buy a new F150 than, say, a Toyota Prius. The fuel economy for the new trucks ranged from 15 mpg to 17 mpg based on engine size and other factors, an improvement of just 1 mpg to 3 mpg over the clunkers.
Owners of thousands more large, old Chevrolet and Dodge pickups bought new Silverado and Ram trucks, also with only barely improved mileage in the middle teens, according to AP's analysis of sales of $15.2 billion worth of vehicles at nearly 19,000 car dealerships in every state. Those deals helped the Ford F150 and Chevy Silverado — along with Ford's Escape midsize SUV — climb into the Top 10 most-popular vehicles purchased with the government rebates. The most common truck-for-truck and truck-for-SUV deals totaled at least $911 million.
Originally posted by xpert11
IMO anybody who thought things thou in a rational manner would conclude that the Cash For Clunkers is a conspiracy against low income earners if not an extension of the bailouts . Cars that low income people can afford have been taken off the road and for those who were silly enough to sign up with the program are struck with a tax bill and Car payments they likely can't afford .
Originally posted by Snarf
You do realize that these cars that were traded in -- were owned by low income people...right?
I highly doubt that a CEO who drives a Lexus, and makes 500,000 a year, traded in a 1982 Pontiac Grand Am.
And not all "cheap cars" were eligible for the trade in.
Is this intentional? Doesn't matter.