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U.S. auto demand falls to weakest level since February

U.S. auto sales dropped to their weakest rate since February as most automakers posted sharp declines from a year earlier, when the U.S. cash-for-clunkers program fueled demand for new vehicles. August´s seasonally adjusted annual sales rate of 10.8 million units fell from 11.6 million in July and was well below analysts´ forecasts. After August´s 21 percent tumble, industry sales are now up just 8 percent from 2009 levels, when demand hit a 27-year low.
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    * Toyota sales plummet, but still lead retail race
    * Ford to keep N.A. production stable in Q3
    * GM posts gains for 3 of 4 brands, but Chevy down 22%
    * Chrysler posts another gain, led by Jeep
    * BLOG: Ohh, that pesky SAAR figure

Posted on Thursday, September 02, 2010 @ 09:07:20 LKT


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