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Auto Manufacturers Continue to See Drops; Mazda Sales Down 31.3 Percent

November sales for Mazda's North American Operations (MNAO) are down 31.3 percent versus last year, according to a report by the company released this week. Sales for the month were reported at $14.1 million. Year to date sales are also down 9.3 from last year (reported at $246.0 million).

"We initially thought the light at the end of the tunnel would be getting closer as we neared the end of the year, but every sale continues to be a struggle," says Jim O'Sullivan, president and CEO, MNAO. "There's credit out there, and fuel prices have receded to levels we haven't seen in a year, but consumer confidence remains the problem. Down a little more than 9 percent year-over-year may be nothing to crow about, but we feel we'll be well positioned for when the economy turns, thanks to the right cars, at the right price, sold through the right dealers."

Yesterday, General Motors (GM) announced that its sales were down 41 percent from a year ago. Both announcements come in the midst of government bailout talks with the Big Three auto manufacturers, GM, Ford and Chrysler, occurring in Washington, D.C. this week.

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