US Auto Sales Disappoint
U.S. auto sales fell 4.2% in September from the year-earlier month, Wards Auto is reporting.
Total sales were at 15.34 million at a seasonally-adjusted rate, missing expectations.
Analysts were expecting total sales to fall to 15.80 million units at a seasonally adjusted annualized rate, a drop from August's 16.02 million figure (Labor Day sales figured were included in August's figures , not September's).
Here's a breakdown (via Bloomberg):
Ford: 181,285 total vehicles, up 6% from a year ago.
Chrysler: 141,845 total vehicles, up 0.6%.
Honda: 105,563 total vehicles, down 9.9%.
Toyota: 164,457 total vehicles, down 4.3%.
Nissan: 86,868 total vehicles, down 5.5%
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