U.S. auto sales dropped to their weakest rate since February as most automakers posted sharp declines from a year earlier, when the U.S. cash-for-clunkers program fueled demand for new vehicles. August´s seasonally adjusted annual sales rate of 10.8 million units fell from 11.6 million in July and was well below analysts´ forecasts. After August´s 21 percent tumble, industry sales are now up just 8 percent from 2009 levels, when demand hit a 27-year low.
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* Toyota sales plummet, but still lead retail race
* Ford to keep N.A. production stable in Q3
* GM posts gains for 3 of 4 brands, but Chevy down 22%
* Chrysler posts another gain, led by Jeep
* BLOG: Ohh, that pesky SAAR figure
Posted on Thursday, September 02, 2010 @ 02:07:20 LKT
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