The worst U.S. sales slump in recent Ford Motor Co. history may finally be screeching to a halt.
In November, Ford’s sales–including its European luxury brands–totaled 182,096, 0.6 percent higher than last November’s sales of 180,947 vehicles. The November tally is Ford’s first sales increase since October 2006.
But dont pop those champagne corks just yet. For the rest of the industry, November was a mixed bag. GM reported an 11 percent decline and Chrysler posted a 2 percent decline. Toyota, VW, Honda, Nissan and Hyundai all posted gains.
All told, the industry reported total sales of 1,180,269 vehicles, down 1.6 percent from November 2006. For the first 11 months of the year, the industry has sold 14,763,831 vehicles, a decline of 2.4 percent from the same period last year.
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