Ford sales down 9.5% in October

U.S. sales of Ford Motor Co. cars and trucks were down 9.5% in October, compared to the same period a year ago, bring the company’s results for the year down 13%.

Three of the company’s six wholly owned brands — Mercury, Lincoln and Land Rover — posted gains in the month. Sales of the Ford brand, Jaguar and Volvo were all down. The company’s volume Ford brand was down 13% in the month and is now down 15% for the year.

Trucks posted a small, 0.9% gain the month, while car sales plummeted 26% as the company continues to ease off sales to daily rental companies.

Other major automakers were scheduled to release their results throughout the day.

Industry experts are expecting October to be a weak month for most automakers, as a housing crisis continues to weigh on the U.S. economy and credit markets.

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