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GM, Ford See Sales Decline as 'Clunkers' Draws to Close
General Motors and Ford Motor reported US sales declines that were roughly in-line with what automotive analysts were expecting for September, the first full month after the federal government's popular "Cash for Clunkers" program ended.
Ford's sold a total of 109,939 vehicles last month, down from 116,734 units in September of 2008.
Also Thursday, privately held Chrysler said its monthly auto sales fell 44.4 percent from the year prior. The decline was deeper than the 38 percent industry watchers anticipated.
The government's clunkers incentive program boosted U.S. sales from the last week of July through the first three weeks of August and auto industry analysts and executives expected a sharp pullback due to weaker demand and low inventories at dealerships.
Ford [F 7.025 -0.185 (-2.57%) ], the only large U.S. automaker not to reorganize through a government-supported bankruptcy this year, expects a gradual recovery in U.S. auto industry sales as the economy recovers and consumer confidence returns.
Ford expects U.S. auto industry sales for 2009 to come in at about 10.5 million vehicles to 11 million vehicles including medium and heavy duty trucks. It expects 2010 U.S. auto industry sales of about 12.5 million vehicles.
Slideshow: US Cities with the Worst Road Rage
On Wednesday, industry forecasting firm IHS Global Insight said Toyota Motor [TM 77.27 -1.30 (-1.65%) ] and Ford Motor are likely to outsell General Motors in the U.S. market by 2015—when industry sales will finally return to levels last seen in 2000.

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Current DateTime: 09:19:59 01 Oct 2009
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Faltering Chrysler is also expected to lose market share in a recovering market and by 2015 its U.S. sales will be on par with those of surging Hyundai Motor, IHS said Wednesday.
Toyota already overtook GM in global sales last year.
Ford, the only U.S. automaker that has not sought emergency government loans to run operations, has gained market share in recent months at the expense of GM and Chrysler. It currently ranks third in U.S. sales behind GM and Toyota.
General Motors and Ford Motor reported US sales declines that were roughly in-line with what automotive analysts were expecting for September, the first full month after the federal government's popular "Cash for Clunkers" program ended.
Ford's sold a total of 109,939 vehicles last month, down from 116,734 units in September of 2008.
Also Thursday, privately held Chrysler said its monthly auto sales fell 44.4 percent from the year prior. The decline was deeper than the 38 percent industry watchers anticipated.
The government's clunkers incentive program boosted U.S. sales from the last week of July through the first three weeks of August and auto industry analysts and executives expected a sharp pullback due to weaker demand and low inventories at dealerships.
Ford [F 7.025 -0.185 (-2.57%) ], the only large U.S. automaker not to reorganize through a government-supported bankruptcy this year, expects a gradual recovery in U.S. auto industry sales as the economy recovers and consumer confidence returns.
Ford expects U.S. auto industry sales for 2009 to come in at about 10.5 million vehicles to 11 million vehicles including medium and heavy duty trucks. It expects 2010 U.S. auto industry sales of about 12.5 million vehicles.
Slideshow: US Cities with the Worst Road Rage
On Wednesday, industry forecasting firm IHS Global Insight said Toyota Motor [TM 77.27 -1.30 (-1.65%) ] and Ford Motor are likely to outsell General Motors in the U.S. market by 2015—when industry sales will finally return to levels last seen in 2000.

RELATED LINKS
Current DateTime: 09:19:59 01 Oct 2009
LinksList Documentid: 33121518
Don't Expect Saturn Dealers to Go QuietlyGM to Shutter Saturn6,000 Deaths From Driver Distraction: Report
Faltering Chrysler is also expected to lose market share in a recovering market and by 2015 its U.S. sales will be on par with those of surging Hyundai Motor, IHS said Wednesday.
Toyota already overtook GM in global sales last year.
Ford, the only U.S. automaker that has not sought emergency government loans to run operations, has gained market share in recent months at the expense of GM and Chrysler. It currently ranks third in U.S. sales behind GM and Toyota.