DETROIT -- U.S. auto sales plunged 14.1 percent last month to 1.2 million units as the Big 3 shut down employee price incentive programs.
It was the worst October on record since 1992, when U.S. sales totaled 1.1 million units.
Ford Motor Co. sales plummeted 25.7 percent, and General Motors dropped 25.9 percent. Both GM and Ford were hit by big drops in sales of full-sized SUVs and pickups.
But it was a tough month across the board:
Even the few automakers that posted gains, such as Toyota Motor Sales U.S.A. Inc., found that the increases were minimal.
After 10 months, U.S. auto sales totaled 14.3 million units, up 1.2 percent from the year-ago period.
Ford and GM continue to bleed market share. In October, Ford and GM together accounted for 39.4 percent of the 1.2 million vehicles sold. One year ago, the pair held a 45.6 percent share of the market for the month.
Through 10 months of this year, Ford and GM held 45.2 percent of the 14.3 million sales. For the same period in 2004, the two automakers accounted for 47.4 percent of the 14.1 million sales.
Total U.S. sales for the Toyota, Lexus and Scion brands grew 1.3 percent in October to 173,086 units. The increase came from cars, particularly the Toyota Avalon and Prius, Scion tC and Lexus GS.
The launch of the redesigned Honda Civic bolstered American Honda Motor Co., which was up 0.4 percent in October. Honda said it was the fifth consecutive month that the Honda and Acura brands broke sales records.
Sales of the Civic climbed 9.8 percent for the month, which helped offset small declines in American Honda's truck sales. For the year to date, American Honda sales are up 5.4 percent to 1.2 million units.
You may e-mail Dale Jewett at [email protected]
|Oct. 2005||Oct. 2004||Pct. chng.||10 mos. 2005||10 mos. 2004||Pct. chng.|
|Numbers in this table are calculated by Automotive News based on actual monthly sales reported by the manufacturers and may differ from numbers reported elsewhere. |
Source: Automotive News Data Center
Note: Other includes estimates for Ferrari, Lamborghini and Lotus
*Includes Mini and Rolls-Royce
***Includes Aston Martin, Jaguar, Land Rover and Volvo
Includes Honda Division and Acura
Includes Hyundai and Kia
Includes Nissan Division and Infiniti
Includes Toyota Division, Scion and Lexus
Includes VW, Audi and Bentley