Ford reports October sales dropped 30 percent

By: The Associated Press
By: The Associated Press

Ford Motor Co. says its October sales dropped 30 percent as low consumer confidence and tight credit continued to keep buyers out of showrooms.

Ford's report is a strong indication that sales for the month will be poor for nearly all automakers and could be the worst in more than 25 years.

Ford is the first of the automakers to report its U.S. sales Monday.

The company says Ford, Lincoln and Mercury truck sales were off 30 percent compared with October of last year, while the three brands' car sales were down 27 percent.

Analysts say they expect October U.S. sales to be the worst since March 1983.

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