Bank Of Baku

US auto market sinks

US auto market sinks
# 05 February 2009 12:16 (UTC +04:00)
Baku– APA-Economics. Consumers frightened by the prospect of losing their jobs stayed away from auto showrooms again in January and sent U.S. car and truck sales falling 37%.
Chrysler sales plunged 55%, General Motors’ tumbled 49% and Ford’s dropped 40%.
Toyota’s sales fell 32%, Nissan’s dropped 30% and Honda’s fell 28%.
Subaru bucked the trend of declines for a second month in a row, posting an 8% sales increase, and Hyundai said its sales jumped 14%.
The tracking company Autodata says the industry’s sales of 657,000 vehicles translates to a seasonally adjusted annual sales rate of 9.57 million. AP
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