Ford's US sales drop 34 percent in September
Tight credit, economic worries and high gasoline prices combined to cut Ford Motor Co.'s U.S. sales once again in September, with the beleaguered automaker reporting a 34 percent decline from the same month last year.
But it's not because their cars are crap...
It was Ford's worst sales month this year, and the results are a strong indication that analysts' forecasts of another dismal month will come true.
Because in a month their cars will still be crap...
Hyundai Motor Co.
who's cars are also crap...
reported its U.S. sales fell 25 percent. Other automakers are set to release their results later Wednesday.
Analysts have predicted September declines of more than 20 percent for most major automakers when compared with the same month last year as upheaval in the financial markets unnerved consumers.
The Oracles have spoken! Sparta's army can not march!!
"Consumers and businesses are in a very fragile place," Jim Farley, Ford's group vice president for marketing, said in a statement. "An already weak economy compounded by very tight credit conditions has created an atmosphere of caution."
And Ford makes crap cars that are ugly, badly made and no one wants, he failed to add...
If overall U.S. industry sales drop in September, it will be the 11th straight monthly decline when compared with the year-ago period. That would be the longest string of down months since 14 straight negative months ended in December 1991, according to Autodata Corp.
Perhaps designing good cars that people want to buy is a novel new untried approach they might look at...
Dealers from many manufacturers have said their customers are having an increasingly hard time qualifying for loans to buy autos, as banks have restricted lending because of widespread mortgage defaults that led to disruptions in the financial markets and the collapse of several banks. Plus, several automakers' finance arms have limited or discontinued leasing.
Ford sales also were hurt as buyers continued to favor small fuel-efficient cars over trucks and sport utility vehicles. Truck sales were down 39 percent, while car sales dropped 19 percent.
Ford sales also were hurt as buyers continued to favor small fuel-efficient cars over trucks and sport utility vehicles. Truck sales were down 39 percent, while car sales dropped 19 percent.
Illegal downloading and kids spending their money on video games was also blaimed...
The numbers do not include Ford's Volvo Cars unit.
Because those cars aren't as crap...
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