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September's Auto Sales Fall Sharply

 Phil Amato     Created: 10/2/2009 7:20:42 AM    Updated: 10/2/2009 7:23:05 AM
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DETROIT (AP) -- U.S. auto sales fell sharply last month. It appears to be something of a hangover from this summer's Cash for Clunkers program.

General Motors and Chrysler posted the biggest slowdowns during the month, while Hyundai was the sole winner among big carmakers, reporting a 27 percent rise in sales from a year earlier.

GM's sales plunged 45 percent compared to a year earlier. Chrysler's decline was 42 percent.

Ford had the smallest decline of the major manufacturers, with a drop of 5 percent.

The good news for consumers is that incentives are becoming sweeter as manufacturers try to lure people to showrooms.

©2009 Associated Press. All rights reserved. This material may not be published, rewritten, or redistributed.



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