U.S. auto sales end '07 on weak note
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Major automakers reported lower U.S.  sales for December led by a 9 percent slide at Ford Motor Co as  the industry closed out its weakest year in over a decade and  faced the prospect of deeper declines in 2008.
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DEARBORN, Mich. -- Ford Motor Co. narrowed its losses in the fourth quarter and for all of 2007 amid continued weakness in North America and said Thursday the outlook for U.S. sales in 2008 remains grim.
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(Detroit-AP) Dec. 2, 2004 - The nation&#39;s two largest automakers are reporting weak November sales and announcing plans to reduce production.
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General Motors Corp  said on  Thursday its U.S vehicle sales fell 5.2 percent in December as  consumer demand softened amid a weak housing market and higher  gas prices.
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Toyota Motor Corp  said on Thursday its U.S. sales fell 1.7 percent in December.
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U.S. auto sales weakened in August in   an unexpected drop that industry analysts attributed to growing   economic pressures on consumer spending.
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General Motors Corp.  on  Tuesday posted a steeper-than-expected 24 percent drop in June  sales, as U.S. automakers lost share to Japanese brands and  overall vehicle sales sputtered in the face of high gas prices  and a weak housing market.
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General Motors, Ford and Chrysler Group held just 50.6 percent of auto sales in the U.S. last month, their lowest ever.
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Ford Motor Co. on Tuesday capped 2004  with its seventh straight month of weaker sales, despite a crop  of new vehicles and hefty incentives, while Japan's Nissan  Motor Co Ltd. posted another sales gain.
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DetroitÂs big rebates and interest-free financing deals have strengthened car sales for the last three years. But they have also eroded the resale value of many American automotive brands.
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Automakers faced an uphill climb in the US market in January, as weak economic conditions and consumer caution put a dent into sales, company reports showed Friday.
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SAN FRANCISCO (CBS.MW) -- November US auto sales for domestic manufacturers disappointed industry watchers on Thursday, raising concerns about tepid results in the typically strong final month of the year.
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GM on Tuesday posted a 24 percent decline in June sales, as U.S. automakers lost share and overall monthly sales sputtered in the face of high fuel prices and a weak housing market.
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Toyota Motor Co (7203.T) President  Katsuaki Watanabe said on Tuesday he expected a slight decline  in the U.S. auto market in 2007 to around 16.3 million units.
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A recovery in the economy later  this year will keep U.S. vehicle sales from plunging as deeply  as the most bearish forecasts suggest, according to an outlook  released on Sunday by the group representing U.S. auto dealers.
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Sales of new homes were unexpectedly weak last month, although they climbed off an 11-year low, and orders for long-lasting goods fell, according to data on Thursday that underscored the economy's weakness.
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DETROIT -- Ford Motor Co. reported Friday that its U.S. auto sales dropped 9.7 percent compared with the same period a year ago as both truck and car sales lost ground. DaimlerChrysler AG said sales rose 4.7 percent.