Light & Medium Truck | U.S. Auto Sales Increase in August
U.S auto sales increased 1% in August, the first time since 2007 that monthly sales figures increased versus year-ago levels, Bloomberg News reported.
Ford Motor Co., Toyota Motor Corp. and Honda Motor Co. all posted gains for the month, as the federal government’s “cash for clunkers” program brought shoppers to showrooms. While these gains were offset by sales declines for General Motors Co., Chrysler Group LLC and Nissan Motor Co., the boon created by “clunkers” pushed total industry sales to 1.26 million, a 1% increase over August, 2007 levels, Bloomberg said.
Just last week, a full boat of Toyotas hit the west coast-- 5000 Scions, Lexus, and FJ cruisers were moved out of the port in the space of four days!