Friday, November 06, 2009

GM and Ford Saw Increase in October Sales in the US

As the economic recession is almost over, the automobile market in the US is gradually recovering. Leading automakers like General Motors (GM) and Ford experienced year on year increase in October. Though overall sales in October were not very promising, the market was better than the previous month. Chrysler Group, however, could not match the success of fellow automakers like GM and Ford as the company’s October sales were 30% down compared to the same period last year.

Autodata Corp has estimated the total sales of October 2009 at 838,052, just 104 units fewer than the same month of the last year. However, the October sales were 12% up from the total sales volume of September. So, it is pretty much clear that the market is in a recovery process and automakers have a good phase of time ahead of them.

Related article:

Wall Street Journal