Additives
[Due to the increasing size of the archives, each topic page now contains only the prior 365 days of content. Access to older stories is now solely through the Monthly Archive pages or the site search function.]
US Light Duty Vehicle Sales Down 31.9% In October; “Probably the Worst Sales Month in Post-WWII Era”
November 04, 2008
 |
| Sales of passenger cars in October 2008 surpassed those of light trucks for 51.1% of the market. Click to enlarge. |
Sales of light-duty vehicles in the US dropped 31.9% by volume year-on-year in October to 838,156 units, according to Autodata. There were 27 selling days for October 2008, versus 26 days for October 2007. Mark LaNeve, vice president, GM North America Vehicle Sales, Service and Marketing, termed October 2008 “probably the worst industry sales month in the post-WWII era.”
Sales of passenger cars dropped 23.6% by volume to 428,089 units; sales of light-duty trucks plunged 38.9% to 410,067 units. Cars once again edged back past trucks to take 51.1% of new vehicle sales in October 2008. October 2008 also saw a 16% drop in the average price of gasoline in the US (all grades) to $3.112, according to the US Energy Information Administration.
