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Lackluster Auto Sales Expected for October

Title:

Lackluster Auto Sales Expected for October

Published: Tue, 3 Nov 2009

Description: FBN's Jeff Flock on the expectations for October's auto sales figures.

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Automatically Generated Transcript (may not be 100% accurate)

" Boards rather surprising and a good way third quarter profit auto analysts are not expecting much from the overall October auto sales numbers they were crossed out the day today. You can get it right here on Fox Business Beijing to Jeff Flock right now who happens to be a place. They don't know who make and sell automobiles. With a new Camaro like easy."

" You're absolutely right you know they love this Camaro why because for the past four months it is outsold the Ford Mustang and it could be one of the reasons that may be may be. GM today. May announce its first year over year monthly sales increase of almost two years January oh -- was the last time that America has really been selling a lot. Other smaller cars have been doing pretty well to the -- be available over here were in the the GM winter garden this is the base of the GM world headquarters. Renaissance Center in Detroit could be the scene cuts to celebration today after -- celebration yesterday. Take a look at what the analysts say it will. Happened today when all those numbers come out Edmunds dot com -- is a pretty reliable forecasts. They are forecasting not good news for Chrysler once again. A 33%. Decline year over year October sales Toyota is also. Look at for a a decline for May be down about 6%. On that pretty much flat. GM if the -- forecast is right we'll have a 2% sales increase as we said first time in two years based on up to -- on day. They seem to be the big winner all the time. Back -- your -- you see the 30 equinox. We know there's still a lot of these that they put a new shift on GM as its Ontario Canada plant where they make the equinox. And before we get away. One positive note for Chrysler. Only show you some scenes from last -- world's irritation mr. Chase Utley Raoul upon -- seem intent on giving Chrysler some."

" Free publicity. They keep their home runs out either pour into the Chrysler. Jeep. -- poured out there in right center field. Free publicity for Chrysler apparently if they really are all 33%. They could use it tomorrow the big announcement for Chrysler by the way at Bryant on what they're going to do their five year plan and we'll have full and special coverage. The Auburn Hills they are corporate headquarters we're gonna get all this week. In Detroit. Let's hope they're five year plan has a line item that says something like stop losing 30% market share year after year. That would be a good start to any kind of a business plan in the future yeah. We'll -- mister Markey only what he thinks that that strategy. --"

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