U.S. Auto Sales Plummet
TOM KRISHER
The Associated Press
November 3, 2008 at 2:24 PM EST
DETROIT — General Motors Corp. says its October U.S. sales plummeted 45 per cent because of weak consumer confidence and tight credit markets.
The Detroit-based auto maker said Monday that it sold nearly 169,000 light vehicles, down from about 307,000 in the same month last year.
Car sales fell 34 per cent, while light truck sales dropped 51 per cent.
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