Chrysler sales rise 22 percent. Best October since 2001. GM sales were flat. Ford sales dropped 2 percent, on tight pickup inventories.
GM and Chrysler sales increase 19 percent. Ford sales drop 3 percent.
September sales won’t be as hot as August, the best month in eight years, but industry analysts still expect them to be strong.
As the auto industry strives to sustain its post-recession comeback, car companies are resorting to tactics that some experts warn will lead to trouble down the road.
Despite a struggling economy and uncertainty surrounding which presidential candidate’s economic policies will drive the country, Americans still love their cars, and they are opening their wallets to prove it.
Car buyers came into dealerships in big numbers in August, boosting most brands sales by more than double digits over last year.
Ft. Lauderdale based AutoNation Inc. reported that its third-quarter profit was up 24 percent thanks in part to higher prices for new and used vehicles.
The largest auto dealership in the U.S., Ft. Lauderdale based AutoNation Inc., reports sales of new cars, trucks and SUVs in April was up 11 percent in April compared to a year ago.