Chrysler Sales Plunge 55 Percent; GM, Toyota Also Down

By: Associated Press
By: Associated Press

The new year has started out a lot like the old one for American automakers.

Chrysler's U.S. vehicle sales fell 55 percent in January, while GM's fell 49 percent. Ford showed a drop of 40 percent.

Weighing down the results were lower sales to fleet buyers such as rental car companies.

Sales by Toyota dove by 32 percent for the month. Nissan's dropped 30 percent, and Honda's fell 28 percent.

That puts the industry on track for a fourth month in a row in which U.S. sales fell by 30 percent or more.

Bucking the trend for a second month in a row was Subaru, with an 8 percent sales increase. And Hyundai says its sales jumped 14 percent. It's attributing that to its offer to cover a new vehicle's depreciation of customers return it within 12 months because they can't make the payments due to some event outside of their control.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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