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New car sales plunge in October

Sales of new vehicles in Monroe County fell sharply in October, resulting in the largest month-over-month drop in more than three years, the Rochester Automobile Dealers’ Association Inc. reported.
Mirroring national trends, area dealers sold 2,444 new cars and trucks last month, down nearly 23 percent from 3,157 in September and 16 percent from 2,917 a year ago. New-vehicle sales typically drop from September to October as winter approaches, automotive experts and RADA historical data indicate.
Nationally, new-car sales plunged by roughly one-third in October, Autodata Corp. reported. The slump was led by General Motors Corp., whose monthly sales fell 45 percent. Chrysler LLC’s sales fell 35 percent, while Ford Motor Co.’s sales fell 30 percent in October. Toyota Motor Corp. reported a 23 percent decline.
Dealers sold some 1,444 used cars and trucks last month, compared with 1,432 in September and 1,689 in October 2007. Total vehicle sales for the month were down more than 15 percent from 4,589 in September to 3,888. That compares with 4,606 a year ago.
Still, total vehicle sales for the year are up slightly from the same period last year. Area dealers have sold 48,462 new and used cars and trucks this year, compared with 47,982 last year.
RADA data does not include sales from non-member dealers or those outside of Monroe County. RADA has revised data from 2007 to include retail sales volume only and excludes fleet sales.

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