Auto sales crumble

Auto Sales Plummet in Early October

For the first nine days of October, car sales industry-wide were down 33%, with all manufacturers showing declines. That being said, GM and ford got killed. GM was down 57% from last year, and Ford was down 45%. For the first time, Toyota had the largest market share with 18.2%. Even ford (at 15.6%) beat GM's share of 14.6%.

The bottom line: Don't buy a car in the next couple weeks until the inevitable new incentives are in place.

Auto sales crumble