Will GM’s Better-Than-Expected Numbers Mean More Incentives?
The numbers weren’t pretty today when manufacturers reported their September car sales. Breaking it down:
– Nissan down 37% from September 2007
– Ford down 35%
– Toyota down 32%
– Honda down 24%
– GM down 16%
This was the 11th straight month that car sales declined from their previous year levels.
GM’s sales were buoyed by an employee pricing incentive. More manufacturers may follow suit, especially since the industry is facing an even gloomier 2009. Are more incentives on the way?
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