FoMoCo is the American auto industry’s knight in shining armor today as it reported that its U.S. sales in August rose 17.2 percent over last year. Ford said that it sold a total of 181,826 cars and light trucks, compared with 155,117 in August 2008. The gain followed Ford’s 2.4 percent increase in July, which was its first year-over-year growth in 19 months.
In Auburn Hills, Chrysler Group LLC said that sales fell 15 percent to 93,222 units from 110,235. Chrysler spokeswoman Kathy Graham said the decline was due to low inventory. She said that Chrysler had five vehicles that ended August with less than a 10-day supply.
General Motors sales were off 20.1 percent following a 19.4 percent drop in July.
– By: Omar Rana