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August Robust For Car Sales In America
The stocks were never high as what it is right now. Cars and a car fest it is, in USA as top auto firms quenched their thirst beyond their greed. General Motors Co., Ford Motor Co. and Chrysler Group all posted double-digit sales gain in August. Consumers continued to take advantage of low interest rates and favorable lease deals to replace aging cars.
The Lincoln's and the Madison's are flowing into the automobile industry like never before. $36 billion is what was netted so far and there's more coming. Housing recovery and Consumer Confidence are key ingreidents in the auto sale hike in the US. By the looks of things US Economy is back on track and a solid foundation for this year is engraved.
GM motors have sold 275,847 vehicles in the US amd their sales reports shows a 14.7% increase compared to last year. Ford have sold 221,270 vehicles in August, a 12.2% increase from the prior year. Chryslar group have 165,552 vehicles, a 12 % hike increase from last year. Toyota Motor Corp. and Nissan Motor Co. are some of the other companies that were infected with the August Robust. Sadly, Volkswagen saw a decline by 1.6% from the prior year selling only 40,342 cars.
The fever is still high and US have registerd an enormous 1.5 million vehicles sold last month, a rise by 14% in revenue prior to the previous year. Retail side of the business saw a fall from the ladder as they succumbed to bad timing of purchase.Fleet sales - Vehicles sold to rental car companies, governments and big companies dropped by 14% . Reports suggest that things would reverse as more 2014 models hit the roads. In the long run, things are steady as ever for the automobile industry and it's just getting bigger.