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Ford's September Sales Slump 5.1%
FoMoCo says it's September auto sales fell 5.1%, a slump from it's energizing run from last summer's Cash for Clunker's fiasco.
Ford, among others got a big lift this summer, putting nearly 700,000 new cars and trucks on America's stimulated roads and driveways.
Ford's September figure is down 5.1% from it's figure a year ago.
Two Ford models, the Focus and the Escape, were darlings of the CARS program- offering competitive pricing and outstanding, comparative fuel economy.
According to the Associated Press' figures- September sales fell 37.2% from August's totals.
The Ford F150, much appreciated as perhaps the best domestic truck in the world saw a rise in sales, some 3.5%. The all-new 2010 Taurus, among the most popular sedans on the road, and certainly the most successful domestic sedan ever, increased over 60%.
Automakers sold a combined 1.3 million vehicles in August, or a SAAR of 14.1 million.
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Chrystler sales came down -44% YOY vs expected -38%. GM's numbers coming out soon.
GM (lack of) sales just released...
Buick - 33%
Cadillac - 8.8%
Hummer - 81.5%
Saturn -83.8%
Chevrolet - -40.7%
Many more months like that and it'll be FoMoCoNoMo.
FoMoCoNoMo
LOL Brilliant!
NoMoFoMoCoMoJo?
Even Better.
To think a brilliant mind such as your is wasted working at Mickey D's.
:>))
Maybe a bash for bunkers program?
Ford's hoping for a nice period of inflation to water down their debt - kinda like a certain Federal agency we know.
there was an article in yesterday's grey lady business section about the plummeting sales of pickup trucks...Ford's sales tanked. don't have the link anymore but an interesting read on that segment of the auto industry.
Notice how they used year over year numbers instead of month to month annualized like the second derivative folks prefer. The decline from August, annualized, is 444%. If that headline hit the tape, it would leave a mark!
I know making fun of "green shoots" is getting tired, but this headline from CNN sums it all up for me:
"Chrysler sales down 42%, but manage to beat analysts' expectations"
Is it me or does the Travis avatar look like an old portrait of Ulysses S. Grant?
Nah, It's Ari Gold
Now expect an autoloan "subprime" default to emerge once the buyers remorse kicks in. Shouldn't take more than a couple of months until the new car owners realise THEY CAN"T AFFORD THEM.
Expect another govt' created bubble.... October surprise!