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Cars Blog

Auto sales hit new lows; GM sales plunge 41 percent

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December 2, 2008 2:36 pm
By Peter C. T. Elsworth

NEW YORK -- General Motors' November U.S. sales plunged 41 percent, while Ford's dropped 31 percent, dashing hopes that the industrywide drop in vehicle demand might be easing as Detroit's automakers prepare to state their second case for a federal bailout, according to The Associated Press.

Their overseas rivals posted abismal results as well. Toyota's November sales tumbled 34 percent, and Honda's fell 32 percent.


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