August 2013 car sales

-by Joe Lorio this summer has been a good day for the United States auto sales, and peaked in August. After flirting with the level 16-million units in June and going back a bit in July, industry vaulted over that marker in August, as the annualized rate of sales reached 16.1 million units. Not only was in August beat the most torrid of 2013, is the best since 2007. Compared with last August, automakers increased by an average of 17%, when the sales rate was 14.5 million units. Once again, trucks were warm (reinforced by a housing sector rapid improvement), and they were joined by sizzling sales of luxury cars. A mixture rich model and lower incentives for transaction prices that were at a higher level – very good news for the industry, if not by consumers. RESULTS AUGUST 2013 SALES AND CHANGE PER CENT AGAINST AUGUST 2012. GENERAL MOTORS

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