The “Cash for Clunkers” payback has begun in earnest for Ford Motor Co., as the auto maker’s September sales slid 7.7% to 113,379 units, on a daily basis (25 selling days vs. 24 in like-2008), compared with year-ago. The first two weeks of September “looked not that dissimilar to the last week of August once the program concluded,” George Pipas, Ford’s top U.S. sales analyst, says in a conference call with reporters. But demand began to trickle off as the month wound down. “Sales ...
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