In the first month after the end of the "cash-for-clunkers" program, automakers on Thursday are reporting virtually across-the-board sales declines with Chrysler and General Motors seeing volumes nearly halved. General Motors sold some 156,673 vehicles in September, a slump of 45% with retail sales off 46% and fleet sales dropping 43%. Car sales were down 43% and total truck sales -- light and heavy -- plummeted 47%.
On a percentage basis, Cadillac saw the smallest dip, down 9% to 11,339 vehicles, with the largest decline in the soon-to-be-wound-down Saturn division, which posted a 84% drop in sales to 2,993 units. GM's best-selling Chevrolet division posted a 41% decline for the month to 102,538 vehicles.
"September was a tough transitional month for the industry, and a difficult year-over-year comparison for GM," said Mark LaNeve, vice president of U.S. sales, in the report. "Fortunately, the fourth quarter looks brighter and our year-over-year comparisons should look more favorable."
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