Ford Sales, Off 34%, Key Ugly US Autos Report

Nissan down 37%; Toyota sees 32% drop; GM fares better, but still 16% lower
By Harry Kimball,  Newser Staff
Posted Oct 1, 2008 2:59 PM CDT
Overall, the Detroit Free Press reports, auto-industry sales for September are down an average of 20% over Sept. 2007.   (AP Photo)
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(Newser) – As expected, early sales reports from automakers paint a dismal picture, MarketWatch reports. Ford reports a 34% drop in US sales in September compared to a year ago; Toyota’s were off 32% and General Motors’ fell 16%, AP adds. Industry-wide, sales are down almost 20% over this time in 2007, the Detroit Free Press writes.

Hyundai’s sales were off 24%, and Honda, which bucked the trend with a rise in August, says it saw a 25% decline; fellow Japanese giant Nissan plummeted nearly 37%. Analysts saw the usual suspects behind the slump: high gas prices, credit woes and general economic worries.