Released: October 02, 2009

Auto sales fall back as clunker program ends

Source: Nick Bunkley, NY Times

After two frenzied months during the government’s cash-for-clunkers program, new-vehicle sales in the United States retreated in September to levels seen earlier this year, automakers said Thursday.

General Motors said its sales declined 45 percent, and Chrysler reported a 42 percent drop from September 2008.

September was the second-worst month of the year for the auto industry, with a seasonally adjusted selling rate only slightly higher than February.

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