Auto Sales Up A Meager 5%
Light vehicle sales in the U.S. increased a tad 5% to a seasonally adjusted annualized rate of 12.10 million vehicles in August from 11.52 million vehicles in the same month last year. All the major automakers posted a double-digit rise in sales except Toyota Motor Corp. (NYSE:TM) and Honda Motor Corp. (NYSE:HMC). The meager rise [...]
Light vehicle sales in the U.S. increased a tad 5% to a seasonally adjusted annualized rate of 12.10 million vehicles in August from 11.52 million vehicles in the same month last year. All the major automakers posted a double-digit rise in sales except Toyota Motor Corp. (NYSE:TM) and Honda Motor Corp. (NYSE:HMC).
The meager rise in sales was attributable to hurricane Irene hitting the sales of East Coast dealerships, lower discounts and incentives spending as well as disruptions in parts supply … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards