Automakers Report Mixed US Sales In August - RTT News
Automakers reported some mixed U. S. sales for August, marked by fewer working days and a delayed Labor Day, even as the month was largely bullish, spurred by lower interest rates, cheaper gas, and some strong employment data that buoyed consumer... General Motors Co ( GM ) said its U. S. sales in August edged down 0. 7 percent from a year ago, while Ford Motor Co ( F ) gained 5. 4 percent and Fiat Chrysler Automobiles NV was up 2 percent. There were 26 selling days in August 2015, compared with 27 selling days last year. Cadillac brand sales fell 5. 5 percent in August, Chevrolet slid 1. 5 percent while Buick sales edged up 0. 6 percent. This year, Labor Day falls on September 7. "All of the economic fundamentals that we look at, including job growth, disposable income and fuel prices, are in good shape and that should keep sales strong," said Kurt McNeil, head of U. S. sales for... Ford said its August U. S. sales rose 5. 4 percent to 234,237 units, on demand for new cars, SUVs and trucks. Lincoln sales increased 6 percent from a year ago - the luxury brand's best August results in seven years. The F-series truck brand logged its best sales month of the year with a 4. 7 percent increase, Ford said. Source: www.rttnews.com
