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Market Update : 
Japan Stocks Down 8%, Weak Autos
Author: 123jump.com Staff
123jump.com
Last Update: 12:10 PM ET October 03 2008


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Automakers declined the most after researcher Autodata Corp reported yesterday that the U.S. car sales dropped.

The U.S. auto sales in September fell to 15-year low to 12.5 million units from 16.1 million a year ago.

Japanese auto makers’ sales declined 30% from a year ago.

Toyota Motor Sales U.S.A Inc sales in September declined 32.3% to 144,260 units from 213,042 units in the same period a year earlier and for the first nine months sales declined 10.4% to 1.79 million units.

American Honda Motor Co. Inc sales in the month plummeted 24% to 96,626 units from 127,200 units a year ago and in the first nine months declined 1.1% to 1.18 million vehicles.

Nissan North America Inc sales in the month plunged 36.8% to 59,565 units from 94,269 units from the same period a year ago and fell in the first nine months 785,693 vehicles.

Toyota Motor plunged 5.4% to 4,080 yen, Honda Motor dropped 5.5% to 2,835 yen, Isuzu Motors fell 6.84% and Nissan slumped 7.04% to 621 yen.


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