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Market Update : 
U.S. Auto Sales Plunge, BMW Mini Gains
Author: 123jump.com Staff
123jump.com
Last Update: 7:42 PM ET December 03 2008


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Vehicle sales decline accelerated in November as more customers avoided purchase of automobiles. Total vehicles sales plunged 37%. Honda, Hyundai and Kia were the few auto companies where passenger car sales rose in the first eleven months. BMW Mini continues to increase sales.

 
Nissan North America (NSANY) vehicles sales in the month plunged 42.2% to 46,605 units from 80,683 units from the same period a year ago and fell in the first eleven months 889,248 vehicles.

Mitsubishi Motors vehicles sales in the month plunged 36.2% to 5,096 units compared with 7,983 last year and for the year dropped 24.7% to 92,687 units.

Sales for Mazda and Isuzu tumbled 31.3% to 14,134 units and 73.8% to 130 units respectively.

Mercedes-Benz and BMW Sales Decline

Volkswagen Group of America Inc unit sales declined 21.5% to 21,342 from 27,191 a year ago. Vehicles branded Audi unit sales declined 25.4%, Volkswagen fell 19.2% but Bentley sales rose 39.1%.

Mercedes-Benz USA unit sales in the month fell 30.0% to 16,001 from a year ago. For the first eleven months sales declined 1.2% to 228,890 unit sales.

BMW of North America Inc. sales in the month fell 26.7% to 19,801 vehicles. For the first eleven months sales declined 6.8% to 281,942.

Jaguar Land Rover N.A. LLC owned by India based Tata Motors Limited unit sales declined 49.6% to 2,755 from 5,466 a year ago. For the first eleven months the sales declined 30.5% to 40,910 from 58,824.




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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites.
Market data: BATS Exchange. Inc.

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