US auto market remains bright spot as China pulls back - KSL.com
China is still the top market, but sales there are slowing as the economy cools. At the same time, U. S. sales are on pace to top 17 million this year for the first time in 2001. The trend is reflected in the August sales figures released today by Sweden's Volvo. The company's U. S. sales jumped 18. 3 percent in August, and they rose 6. 5 percent in Europe. But sales in China plunged 10 percent. Last year, the holiday was counted as part of August sales. For August, Ford reported a 5-percent gain as sales of its new F-150 gained steam. Fiat Chrysler sales rose 2 percent thanks to strong demand for Jeep SUVs. Hyundai's sales were up 3 percent, boosted by its new Santa Fe SUV. It saw strong demand for the Chevrolet Silverado pickup but Cadillac sales declined. 1, 2014 photo shows a 2015 Chevrolet Silverado 2500 4WD LTZ Crew Cab pickup truck at Miami Lakes AutoMall in Miami Lakes, Fla. GM saw double-digit U. S. sales increases in August 2015 for the Chevrolet Silverado pickup and Buick SUVs, but Cadillac sales were down. Source: www.ksl.com
