Dramatic Slump in Vehicle Sales

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Sales of new cars and trucks at the retail level fell in October, led by steep declines at General Motors Corp. and Ford Motor Co., J.D. Power and Associates said on Friday.


A report from the industry tracking firm’s closely watched Power Information Network cited a lack of high-impact incentives from major automakers, high U.S. gasoline prices, low inventory levels and an apparent pullback by consumers after exceptionally strong sales over the summer for the dramatic slowdown.


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