U.S. Auto Sales Slow in August

DETROIT, Michigan, Dhu-AlQa’dah 29, 1437, Sep 1, 2016, SPA– The U.S. auto industry struggled to maintain past sales momentum in August, with General Motors (GM), Ford, and Nissan saying Thursday that they sold fewer vehicles as less discounting kept customers from showrooms.
However, the North American unit of Fiat Chrysler reported a 3 percent sales boost buoyed by its popular Jeep sport utility vehicles (SUVs).
GM, the biggest U.S. automaker, reported an 8 percent sales declined compared to August 2015. Ford said that it experienced a 5 percent drop in sales, while Nissan said it saw a 6.5 percent drop – a departure from high sales numbers in previous months.
Automakers offered a positive take on the numbers, saying that the average amount customers paid for a car or truck – the average transaction price (ATP) – had increased.
The average vehicle price had already risen 2.5 percent in July, compared to a year ago, to $34,264, Kelly Blue Book says.
–SPA
18:57 LOCAL TIME 15:57 GMT