For everyone that thought August auto sales were going to be sluggish, consumers kept buying cars through a slowing economy, dropping stock market and even a hurricane. Overall, industrywide sales were up 7.5 percent from a year ago in August.
General Motors reported total sales of 218,479 vehicles in August, an 18 percent increase compared with August 2010. Retail deliveries were up 22 percent compared with the same month a year ago and accounted for 74 percent of GM sales.
Ford sales in August totaled 175,220, up 11 percent versus a year ago – driven by 16 percent higher Ford brand sales and 25 percent higher sales for Lincoln.
Chrysler Group said its U.S. sales came in at 130,119, a 31 percent increase compared with sales in August 2010.
Toyota reported August sales of 129,483 units, a decrease of 16.1 percent from the same period last year. Honda posted August sales of 82,321 vehicles, a decrease of 27.2 percent. Nissan was the only shining Japanese automaker – reporting August U.S. sales of 91,541 units versus 76,827 units a year earlier, an increase of 19.2 percent. Mazda also did well with August sales of 22,632 vehicles, up 14.7.
Hyundai came in at no surprise with sales of 58,505 vehicles in August, a 9 percent increase compared with the same period in 2010.
Volkswagen today reported 25,232 units sold in August 2011, a 10.4 percent increase.
– By: Omar Rana