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Fri, Dec 03, 2004 - Page 12 News List

GM, Ford report weak November sales


In what has become a familiar pattern, America's top two automakers reported weak sales for last month.

Both General Motors Corp. and Ford Motor Co said on Wednesday they would reduce production for the first quarter of next year after the disappointing month.

Overall, US vehicle sales fell 1 percent to 1.2 million units. The seasonally adjusted sales rate was 16.4 million units, compared to 16.9 million units a year ago and in October.

The rate indicates what sales would be for the full year if they remained at the same pace for all 12 months. Full-year sales for last year were 16.7 million.

GM said its total vehicle sales fell 13.1 percent from November last year, with a 17.1 percent decline in cars and a 10.3 percent decline in trucks. The company said it intends to produce 1.25 million vehicles in the first quarter, down 7.1 percent from the same quarter last year.

No. 2 Ford said sales of its Ford, Lincoln and Mercury brands fell 4.3 percent last month from the year before, its ninth monthly decline this year.

Car sales fell 12.5 percent, while sales of pickups and SUVs were down 0.9 percent. Ford said it would build 930,000 vehicles in the first quarter of next year, a 7.7 percent reduction.

Both GM and Ford said fourth-quarter production would remain unchanged at the previously announced plan of 830,000 vehicles for Ford and 1.27 million for GM.

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