Thursday, September 2, 2010

General Motor, Toyota, and Ford U.S. Auto Sales Drop In August, Recorded The Weakest US Car Sales Since 1983

The auto industry posted its nastiest August U.S. sales figures was the worst sales since 1986, weighed down by the expiry of a well-liked government cash-back scheme designed to boost sales.

The auto sales plunge is partly a result of tough comparisons to the Cash for Clunkers program of preceding summer.

One exception to the dismal sales trend was Chrysler Group, which surpassed sales expectations with a rise of 7% to 99,611 compared to previous August, the company said. It’s the automaker’s fifth successive month of year-over-year sales increases.

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