US auto sales fall by 13pc

Published December 5, 2002

NEW YORK, Dec 4: US sales at domestic and foreign automakers fell 13 per cent overall in November to 1.2 million cars, but the top US car companies said they remained on their way to turning in their second-best annual performance ever.

Sales incentives like no-interest loans helped sales at the end of the month, but they were still down at the Big Three: 21 per cent for the Ford Motor Co., compared to November 2001; 18 per cent for General Motors Corp.; and 12 per cent for the Chrysler division of DaimlerChrysler.

Foreign companies also saw sales decline in November: Volkwagen’s sales were off 17.3 per cent, and Porsche’s were down 8 per cent, but Audi, BMW and Mercedes saw sales increase by 14.2, 30.2 and 7.5 per cent, respectively.—dpa

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