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Ford, Toyota, Chrysler Sales Drop

Toyota, Ford and Chrysler each reported sales declines last month, but General Motors surprised industry analysts on Tuesday by showing an increase in a declining U.S. auto market, according to the Associated Press.

Toyota's 2.8 percent sales drop, Ford's 14.4 percent decline and Chrysler's 6.1 percent decrease were symptoms of what analysts said would be slumping U.S. auto market due to high gasoline prices, rising mortgage payments and turmoil in the financial markets.

But GM, led by increased pickup truck sales, showed an increase of 6.1 percent, while Nissan Motor Co. reported its sales increased 6.3 percent for August compared with the same month last year.

Posted by Peter C. T. Elsworth  at 3:59 PM to Chrysler , Ford , GM , Nissan , Sales , Toyota | Permalink

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