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NEWS ABOUT: auto sales

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US Car Sales Sink in Slow Economy

GM, Ford, Chrysler, and Toyota saw sales fall last month

(Newser) - A tumbling US economy hit Ford, General Motors, Chrysler, and Toyota today as all four posted declining sales for last month, Bloomberg reports. Chrysler fell 14% as Ford dropped nearly 7% and GM suffered almost a 20% drop in light truck sales. "Primarily it's driven by the weak economy,... More »

Toyota, GM In Tie for Top Automaker

Tie highlights two companies headed in opposite directions

(Newser) - Toyota has finally caught up with GM, after years of growing roughly five times as fast. GM’s sales rose 3% in 2007, to 9,369,524 vehicles, but it was only enough to tie Toyota, which last week announced sales of approximately 9.37 million, ending GM’s 76-year... More »

GM Sees Light at End of Tunnel

Automakers predicts overseas sales and labor savings will pring profits

(Newser) - Overseas sales expansion and reduced labor costs over the next three years will bring “significant” profit increases to General Motors, CEO Rick Wagoner told analysts yesterday. Wagoner also asked investors for patience as share prices continue slipping in a worsening US economy, reports the Wall Street Journal. He said... More »

2008's Most Overpriced Vehicles

Dodge Ram pickup tops Forbes' list

(Newser) - Don’t be fooled by a dealer discount when buying a new car—it might just be a sign that the car is priced too high to begin with. Forbes names the vehicles it finds the most overpriced:
  1. Dodge Ram 1500
  2. Mercury Grand Marquis
  3. Ford F-150
  4. Dodge Durango
  5. GMC Envoy
... More »

Ford Sales Slump in December

Light-vehicle sales down 9% over Dec. '06, and off 12% for all of 2007

(Newser) - Ford Motor Co. reported a 9% dip in US sales of cars and light trucks between last December and December 2007, capping off a dismal year for the company and the auto industry, the Wall Street Journal reports. Ford, which is third in US auto sales behind Toyota and leader... More »

Toyota Poised to Overtake GM

Plans to build 9.95 million vehicles, widen lead as largest automaker

(Newser) - Toyota, the most profitable automaker in the world, says it will increase production by 5% to a record 9.95 million vehicles in 2008, opening up a lead over General Motors, Reuters reports. Toyota, which sold 9.36 million vehicles in 2007, also expects sales to increase 5% in 2008... More »

Nov. Sales Languish for Big 3

Ford and GM announce production cuts as US sales slump continues

(Newser) - Ford and GM will join Chrysler in cutting production in early 2008, reports the Wall Street Journal today, following sluggish November sales and anticipated weak demand driven by continued economic fallout. Only Ford saw a modest 0.6% improvement in US sales last month, while GM sales were down 11%... More »

August Retail Sales Fail to Meet Forecasts

Gain of .3% drops to .4% loss if auto sales are excluded

(Newser) - Retail sales were up last month, but the .3% rise failed to meet expectations, and if automobile sales are excluded, sales actually fell by .4%—the steepest drop in a year. The August sales figures provide more fodder for an interest-rate cut when the Fed meets next week. “The... More »

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