Ford sales drop 5 from July over buyer worries
Ford sales dipped 5 percent in August compared with July as consumers continued to hold off on big purchases.
Hermann J. Knippertz/AP/File
Ford's sales dropped 11 percent over last August but that had been widely expected. Last August saw strong sales thanks to the government's Cash for Clunkers program, which gave buyers up to $4,500 in cash to buy a more fuel efficient vehicle.
Ford says it's lowering its fourth-quarter production slightly because of lackluster demand.
Bad economic news, including high unemployment, hurt August sales.