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Article: Car, Light Truck Sales Fall 14.3% in Early November
- Article from:
- THE JOURNAL RECORD
- Article date:
- November 14, 1991
CopyrightCopyright (null) The Journal Record. Provided by ProQuest LLC. (Hide copyright information)
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DETROIT (AP) _ Early November sales of North American-made cars
and light trucks fell 14.3 percent compared with a year earlier,
industry figures showed Wednesday, darkening the gloom for already
depressed auto manufacturers.
The reports came the same day the government reported an
unexpectedly sharp 0.7 percent rise in wholesale prices last month,
based partly on price increases for 1992 model cars and trucks.
While trying to generate profits by raising prices, automakers
have been trying to figure out how to stimulate the sales rate.
Speculation has risen that automakers soon will boost incentives to
encourage sales.
But higher incentives eat into profits. That's something the
Big Three, ...