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20051005 Wednesday October 05, 2005

Ford, GM SUV sales nosedive

moneycentral.msn.com :

Sales of sport-utility vehicles took a dive in September, dragging down U.S. automakers who were already expecting a consumer payback after a summer of employee-pricing discounts. Gas prices that topped $3 nationwide after Hurricane Katrina didn't help.

The damage:

* Sales of the perennial best-selling SUV, the Ford Explorer, dropped by 58% compared with September 2004. Its larger kin, the Ford Expedition, which gets 14 mpg in city driving, saw sales drop 61%. Ford stopped producing its even larger SUV, the Excursion, last month.

* GM's full-size SUVs, due to be replaced with more fuel-efficient models next year, fell 56%. Sales of its Hummer H2 were off by 31%.

See also :

1. American automakers shift from bad to worse

(2005-10-05 13:11:43 SGT) [Biz] Permalink

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