Archive for October 1st, 2008

Ford says sales fell 34% in September

Wednesday, October 1st, 2008

Hyundai down 25%, Mercedes down 9%; VW down 9.4%

Automotive News | October 1, 2008 - 12:08 pm EST

‘Big problem’

“Financing is a big problem,” said Kate Frost, director of strategic marketing for Toyota of Orlando in Florida. “When credit was easy, they bought too much car. Now, people have no down payments.”

Jim Fosche, sales manager at Buddy Foster Chevrolet in Zephyrhills, Fla., said volume at his store plunged 50 percent last month. He blamed the credit crunch and job worries.

AutoNews.com

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