AUTOMAKERS REPORTED WEAK SEPTEMBER VEHICLE SALES against a backdrop of continued economic headwinds. Still, some automakers — especially those with new models automakers — fared better than those without new wares. General Motors, Nissan and Honda reported gains; Ford, Toyota and Chrysler saw declines. Total industry sales in September ran at a seasonally adjusted rate of 16.23 million units compared with 16.60 million in September last year.
“This month was pretty much in line with what we expected,” said Jesse Toprak, executive director of http://Edmunds.com’s industry analysis. “Auto manufacturers that saw the most gains had new or freshened models — GM with the Cadillac CTS and new crossovers, Honda with the Accord, Nissan with the Altima.”
One surprise, Toprak noted, was the strength of the luxury segment, surprising because of weakness in the housing market, higher gas prices and the interest rate crunch. “Those factors didn’t effect buyers of new luxury vehicles,” Toprak noted.
GM, Ford and Chrysler captured 52.3 percent market share in September, down from 55.1 percent in September...
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