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Auto Sales Drop Significantly In November
The reports come as U.S.-based companies prepare to state their second case for a federal bailout. Reporter: Associated PressEmail Address: news@kake.com |
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Ford says its November U.S. light vehicle sales tumbled 31% amid a continued slump in consumer spending and tight credit markets. Toyota's sales fell 34% despite its extension of zero-percent financing on a dozen vehicles. And Honda showed a 32% drop.
The reports come as U.S.-based companies prepare to state their second case for a federal bailout.
Ford says Lincoln and Mercury light truck sales were off 29% compared with November of last year, while the three brands' car sales were down 32%.
Toyota's truck sales plummeted 36%, while demand for passenger cars fell 32%.
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