New vehicles sale dropping in November

Posted on Wednesday, 5 December 2007 , 12:12:19 byEmil

Filed under saledropnovembernewvehicleNone

New vehicles sale dropping in November

In November the new vehicles sales dropped as automakers battled between the financial markets turmoil and the slow economical rhythm across the United States. `It is encouraging to see our newest cars, crossovers, hybrids, and industry-first Sync technology resonating with customers` said Mark Fields, the president of Ford – Americas. `Continuing to deliver more quality products that people really want and carefully gauging customer demand in the months ahead will help ensure we stay on track with our plan`.

"Integral to our strategy is to grow our share in the key car segments. The retail performance, especially from the new Chevrolet Malibu and Cadillac CTS, demonstrates the enthusiasm customers have for these outstanding new vehicles" said Mark LaNeve, North America vice president - vehicle sales at GM.

"Despite consumer concerns, Chrysler LLC sales are off only two percent, showing customers are still purchasing quality and value. High fuel prices and falling home prices continue to impact vehicle sales in November which remain below trend," said Darryl Jackson, the Vice President at Chrysler – United States Sales. "We remain optimistic moving into December due to the growing availability of new models, including Chrysler Town & Country, Dodge Grand Caravan, and the Jeep Liberty".

"Not only is this a particularly challenging environment, but it's also one that contains a fairly high level of uncertainty," said George Pipas, sales analyst at Ford.