Top

SUVs Power Aug. U.S. Auto Sales to Slight Gain

  Print Print

September 5, 2018 by   Leave a Comment

Top automakers reported a small increase in U.S. auto sales in August including another sharp rise in SUV sales, as low unemployment and strong consumer confidence helped mitigate the impact of rising interest rates and fuel prices.

According to Reuters, the reports from Ford Motor Co and other top carmakers follow a rise in consumer confidence to a near 18-year high which allayed fears about the impact of President Trump’s protectionist trade policy on sentiment.

Analysts said the results were roughly on track to meet Reuters-compiled consensus forecasts for the annualized pace of U.S. car and light truck sales of 16.8 million units for the month, compared to 16.6 million a year ago.

Ford, the No.2 U.S. automaker, sold 218,504 vehicles in August, compared with 209,897 a year ago, when Labor Day sales efforts were marred by the arrival of Hurricanes Harvey and Irma.

For the full story click here.

[Slashdot] [Digg] [Reddit] [Facebook] [Google] [StumbleUpon]

Comments

Feel free to leave a comment...
and oh, if you want a pic to show with your comment, go get a gravatar!





*

Bottom