U.S. Car Sales Beat Industry Estimates for August

Car sales in the U.S. climbed 20% in August to 1.28 million units, its second-highest level this year. Last month's sales volume put the industry on track for 14.5 million new vehicles this year.

General Motors Co., Ford Motor Co., and Chrysler saw a double-digit rise from August 2011 to beat industry estimates, while smaller domestic and foreign car companies also saw growth.
While online auto information provider Edmunds.com predicted a 6.4% increase for GM, the carmaker reported a 10% rise compared with August 2011 sales. Each of GM’s four brands saw higher retail sales, as well, led by a 25% increase for Chevrolet.
Ford sales grew 13%, which beat Edmunds.com’s estimate of 9.8%, while sales for Fiat-owned Chrysler increased 25%, up from an Edmunds estimate of 11.7%. Chrysler recorded its best August sales since 2007.
Meanwhile, Honda’s year-over-year sales jumped 60% in August. Toyota saw a rise of 46%, while rival Nissan Motor Co. reported an increase of 8%. Daimler AG’s Mercedes-Benz Cars division rose 4.5%.

Views: 108

Tags: August, Chevrolet, Fiat, Ford, GM, Honda, Mercedes, Nissan, Toyota, auto sales, More…sales

Comment

You need to be a member of AutoFinanceNews.net to add comments!

Join AutoFinanceNews.net


Subscribe to Auto Finance News by clicking here.

Members

Details

About Us
Guide to Posting Images
Videos
Code of Ethics
Advertise


Our Other Sites:
ACMG
AccountsRecovery.net
Bank Innovation
________________________

Subscribe to our sister publication, Auto Finance News. Click here to learn more about the industry's leading newsmagazine or here for VIP access.


You agree that in posting to this site you will abide by the Terms of Service spelled out below.

© 2013   Created by JJ Hornblass.

Badges  |  Report an Issue  |  Terms of Service