Perhaps you should have said "All manufactures sales fell," or is it just
that you don't like Ford?


"Jim Higgins" <gordian238@hotmail.com> wrote in message
news:BuidnYdqeO89Pn7VnZ2dnUVZ_rPinZ2d@posted.eagle computertechnology...
> Ford sales plunge
> http://tinyurl.com/432ep9
>
> NEW YORK -- Sales at Ford Motor Co. plunged in September as lower gasoline
> prices were not enough to overcome tighter credit for buyers and dealers
> during the month.
>
> Ford (F, Fortune 500) reported that U.S. sales tumbled 35% from a year
> earlier. Sales tracker Edmunds.com had forecast a 25% drop in sales in the
> period.
>
> Overall industry sales are expected to fall 20% from year-ago levels.
> Experts said many consumers were apparently reluctant to make big ticket
> purchases at a time of economic upheaval.
>
> And for those who wanted to buy a car, some were unable to get a loan as
> the credit markets tightened during the mounting crisis on Wall Street.
>
> In addition to auto loans being more difficult to get, a growing number of
> dealerships also have been hit by the credit crunch and have found it
> increasingly difficult to get the cash they need to do business.
>
> "Consumers and businesses are in a very fragile place," said Jim Farley,
> Ford group vice president. "An already weak economy compounded by very
> tight credit conditions has created an atmosphere of caution."
>
> The other automakers are due to report later in the day. General Motors
> (GM, Fortune 500), the nation's largest automaker, is expected to report
> that sales fell 24% while Chrysler LLC sales are forecast to drop by 37%.
>
> But it's not just U.S. automakers that are being hit by the credit
> squeeze. Toyota Motor (TM), Honda Motor (HMC) and Nissan (NSANY) are
> expected to post steep declines in U.S. sales as well.
>
>
> --
> Civis Romanus Sum