We all expected auto sales to be anemic but this is pretty god awful. In Auto Sales down over 30%, CNN reports:
Ford: 31% down from 1 year ago in November, 7% down from October, last month. Worst sales in 25 years.
Toyota: 34% drop from last year and a 14% drop from last month.
GM: 41% down, 44% cars, 39% light trucks.
Chrysler: 47% drop. A whopping 57% on cars and 42% on trucks.
These numbers are worse than analysts expected.
AP on GM details.
CBS Market Watch on Chrysler Sales.
This is god awful and stupid, silly FAUX news is busy blasting the auto industry while completely ignoring the $8.5 trillion in pledges for the financial sector!