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.
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.
No comments:
Post a Comment