Economic Worries Create 'Bumpy Road' For Auto Sales

Ford and Toyota both reported a decrease in September sales, while GM reported a slight increase.

DEARBORN, Mich. — Ford Motor Co.’s September sales fell 21 percent to 189,863, despite a 96 percent spike in crossover sales.
“We continue to be encouraged by customers’ strong response to our new products,” said Mark Fields, president, The Americas. “Demand for our new crossovers continues to grow and contributes to our efforts to stabilize U.S. retail market share.”
Toyota Motor Sales (TMS) reported September of sales of 213,043, a decrease of 0.6 percent. The Toyota Division’s September sales of 187,929 were down 0.9 percent.
“Given September’s economic headwind, the industry saw a fair month,” said Jim Lentz, TMS executive vice president. “The fall selling season is likely to benefit from increased stabilization and modest gains.”
GM reported total sales of 337,640, up 4 percent. GM credits strong retail sales of full-size trucks and mid-utility crossovers for the increase.
“Our retail share, which has been stable for two years, improved in Q3 with all three months solid from a share standpoint,” said Mark LaNeve, GM North America vice president, Vehicle Sales, Service and Marketing. “For the second consecutive month, we posted good retail volume despite a challenging industry.”
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