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September sales at Ford are down 34% and the industry as a whole is down an incredible 26%. Interestingly luxury cars are being hurt the most with Porsche sales down 45%. Layoffs will be massive. What I wonder here is the chicken and egg question. Did sales collapse because people have no money or because they have no credit? Because so far sales of things that people normally don´t buy on credit are not down nearly as much.

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Francisco on October 2, 2008  · 

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