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Cars Blog

Ford, GM, Toyota sales fall as auto slump persists

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September 3, 2008 3:04 pm
By Peter C. T. Elsworth

DETROIT -- Ford Motor said Wednesday its U.S. sales fell 26.5 percent in August, as the struggling automaker's results - even worse than July's dismal figures - showed that the U.S. auto sales slump may not have bottomed out, according to The Associated Press.

Toyota's sales dropped 9.4 percent from August of last year, a further indication that the woes in the U.S. auto market are continuing, but Nissan - the only major automaker to show a sales gain in July - reported another improvement, with a 13.6 percent increase in August sales.

Meanwhile, General Motors reported a 20.3 percent drop in sales from a year ago but a 31 percent improvement over its July totals, mainly thanks to offering all buyers employee pricing on many models.

Ford sold 155,172 light vehicles last month, down 3.6 percent from 160,990 in July, which was the industry's worst month for U.S. sales in 16 years.

The Dearborn-based automaker said its Ford, Lincoln and Mercury car sales dropped nearly 9 percent, while truck sales were off more than 32 percent last month.


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