Auto Sales Crash
October 14th, 2005 by 
InLibrisLibertas
“Sales at No. 1 automaker General Motors Corp. were down 57 percent compared with early October 2004, while Ford Motor Co.’s sales were down 45 percent. The other seven major automakers also showed declines.”
57 percent? As a practical matter, this means sales have stopped.
More detail from Reuters: “Retail new-vehicle sales were down 33 percent across the industry in the first nine days of October compared with the same period a year ago, the Power Information Network said.”
Posted in Income & Consumption | 