Ford U.S Sales Slide 30%

Nov. 3, 2008

So far in 2008 sales have dropped 18.7% from last year.

As American consumers remain cautious in the face of a credit squeeze and likely recession, Ford Motor Co. on Nov. 3 reported U.S. sales plunged 30.2% from a year ago.

The number two US automaker, which has seen heavy losses and dwindling market share, said it sold 132,838 vehicles in the month, including the Volvo nameplate.

Its domestic brands, Ford, Lincoln and Mercury, saw a 29.2% drop to 129,121 in October.

So far this year, Ford has sold 1.72 million cars, a drop of 18.7% from the same period a year ago.

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