by Calculated Risk on 11/04/2008 08:57:00 AM

Jim Hamilton at Econbrowser has more: Another bad month for autos.

To say that the U.S. auto sector continues to bleed may be an understatement. Maybe we should start talking about a severed artery.

Click on graph for larger image in new window.

This graph from Econbrowser shows the Not Seasonally Adjusted car sales in the U.S. Look at September and October 2008 (dark blue) - sales have fallen off a cliff compared to previous years. See Hamilton's post for truck sales (and more cliff diving).

Sales are grim even for luxury car manufacturers, from Bloomberg: BMW Scraps Earnings Outlook as Quarterly Profit Falls

Bayerische Motoren Werke AG ... lowered its outlook for the second time this year after third-quarter profit plunged 63 percent as the global financial crisis sapped demand.

Vehicle sales will fall below last year's figure, the Munich-based company said ...

"The financial crisis is by no means behind us yet, particularly its impact on the real economy in 2009," Chief Executive Officer Norbert Reithofer said in the statement.