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US auto sales take a beating
DETROIT, Michigan (AFP) — US auto sales took a beating in September as the nation’s worsening economy turned dealer showrooms into ghost towns and major automakers reported sales drops of up to 37 percent Wednesday. While sales have been slipping all year, automakers reported a sharp drop-off in sales in the last ten days...
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Brazil’s auto sales rise in September-retailers
BRASILIA, Oct 1 (Reuters) – Brazil’s auto sales jumped back strongly in September and are headed for a record this year despite a slump the month before, the auto distributors federation Fenabrave said on Wednesday. Auto sales rose to 268,735 units in September, an increase of 9.78 percent from August and 31.71 percent from...
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Wall Street Crisis Helps Send US Auto Sales To New Lows
DETROIT -(Dow Jones)- U.S. auto sales careened to a near standstill at the end of September as Americans fixated on the crisis on Wall Street, leading auto makers to post dismal sales figures for the month. Auto makers have struggled all year to attract buyers shocked by soaring fuel prices and tanking home values,...
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First Cash Financial to exit auto lending business
NEW YORK (Associated Press) – First Cash Financial Services Inc. said late Tuesday that it plans to shutter its auto lending operations and focus on its core pawn and consumer lending operations in the U.S. and Mexico. The company expects the business to be sold or liquidated over the next 12 months. As a...
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GM unveils Chevy Cruze, crucial to turnaround
PARIS – General Motors unveiled the most important car in its global turnaround plan at the Paris Auto Show today. The Chevrolet Cruze, a roomy and stylish compact sedan, will be built on at least four continents and become the face of GM’s offensive to transform Chevrolet from a parochial American brand into a...
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US auto sales plunge as financial crisis takes its toll
Major automakers have reported plunging US sales for September – led by a 34% slide at Ford Motor Co – as an escalating credit emergency slammed a slumping industry and raised new doubts about when the world’s largest auto market would hit bottom. The downturn in auto sales for September coincided with a crisis...
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