Auto Sales Depressed

Manufacturing News, Source : TheManufacturer.com
Published : 08 Jul 2002 21:45

The automotive sector continues to suffer, with domestic automakers reporting mixed results for June; GM was the only one to post gains for the month.

GM increased 4.3% from a year ago, but Ford plummeted 10.6% and Chrysler fell 4.3%. May’s auto sales were at their lowest in four years.

GM and Ford recently offered low-cost financing and cash rebates to stimulate sales growth. GM’s new deal includes interest-free, five-year loans through September 3. Ford’s plan includes cash rebates until September 30.

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