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Auto Sells Down

2008-08-29    Source:english.chinabuses.com

U.S. automakers are expected to report big declines in August domestic sales despite stepped-up incentives, the Wall Street Journal reported. The research firm estimates sales for August will come in at around 1.21 million vehicles, or 13.4 million vehicles on a seasonally adjusted annual rate. That is down from the year-ago seasonally adjusted rate of 16.2 million vehicles, but up 6.3 percent from July. All major manufacturers had year-to-year retail sales declines through the first 14 days of August.


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